£12 billion for affordable housing

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 the mission to level up every part of our United Kingdom, the government is determined to extend the dream of home ownership to as many people as possible. 
     
  • In total, ministers plan to 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. 
     
  • Thanks to these actions, more families across the country will be able to realise their dreams of owning their home, while a vital boost is provided to the construction industry, creating more jobs, as Britain builds back better from coronavirus. 

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