The Chancellor has revealed £39 billion to drive a significant increase in the number of affordable homes being built across the country over the next ten years.
Presenting her Spending Review to parliament this lunchtime, Rachel Reeves revealed the “greatest cash injection in affordable and social housing in fifty years”.
The key thrust of this is a new Affordable Homes Programme into which the government is to pour billions over the next decade which will be direct Government financial support for house building and in particular homes available via social rent.
Her comments follow calls for just such a huge increase in affordable and social rent house building from many quarters including both lobbying organisations such as Shelter and Generation Rent, but also industry bodies Propertymark and the National Residential Landlords Association, in recent times.
