Today, the Housing Secretary has launched our £12 billion affordable homes programme, helping more people to get on the housing ladder, while helping the country to build back better after coronavirus.
As part of our mission to level up every part of our United Kingdom, we are determined to extend the dream of home ownership to as many people as possible.
In total, we will invest £12.2 billion in affordable housing between now and 2026, providing up to 180,000 new homes across the country. Around half of the new homes will be available for affordable home ownership, with the rest made available for discounted rent. Councils, housing associations and private providers will this week be invited to start preparing their bids under the programme. It will unlock a further £38 billion in public and private investment in affordable housing, and new homes will be made available from next year.
Taken as a whole, the new programme represents the highest single funding commitment to affordable housing in a decade.
Thanks to these actions, more families across the country will be able to realise their dreams of owning their home, while we provide a vital boost to the construction industry, creating more jobs, as we build back better from coronavirus.
Read more about this here: https://www.gov.uk/government/news/jenrick-unveils-huge-12-billion-boost-for-affordable-homes