Extending the Affordable Homes scheme

I posted yesterday that the government has announced a major shake-up of planning rules to boost housebuilding while protecting the Green Belt, part of our plan to deliver the homes people need.

This is part of a package, which as I have also posted this week additionally includes expanding the 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 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, making it easier for people to find an affordable home, delivering on our promise of a brighter future.

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