Building more affordable homes

Today the Conservative government is expanding our Affordable Homes Scheme to build 20,000 new affordable homes across the country, backed by a £3 billion increase in Government funding, supporting thousands of people across the country to help them realise the dream of owning their own home. 

  • Unlocking housing supply is critical to enabling people to realise the dream of owning their own home. 
  • That is why we are expanding the Affordable Homes Scheme, which provides low-cost loans to housing providers to build 20,000 new affordable homes across the country, thanks to a £3 billion increase in a Government-backed loan fund opening today. 
  • For the first time, the scheme can also be used to upgrade existing properties, making them warm and decent for tenants. 
  • Under Rishi Sunak and the Conservatives, we are on track to meet our manifesto commitment to build one million homes this Parliament.
  • By contrast, nobody knows where the Labour party stands. One minute they seem to be suggesting that they would tear up the green belt and allow homes to be built all over the countryside. The next minute they are voting against measures which would allow thousands of new homes to be built in places where local councils and communities want them.
  • The Conservatives will make it easier for people to find an affordable home, delivering on our promise of a brighter future.

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