Government unlocks £7bn affordable housing fund

The Government predicts the fund will lead to more than 200,000 homes being built.

Affordable housing Inverness. Image: Copyright E Sandland/Creative Commons/Geograph
Affordable housing Inverness. Image: Copyright E Sandland/Creative Commons/Geograph

Developers can now bid for part of the Government’s £7bn affordable housing fund if they are building shared ownership, rent-to-buy and affordable rented homes.

As part of its bid to encourage housebuilding, the Department for Communities and Local Government (DCLG) is inviting housing associations, local authorities and other developers to apply for the money, the majority of which was announced in the Autumn Statement and in April last year.

It said in total the £7bn programme will deliver more than 200,000 homes in total.

Communities secretary Sajid Javid said: "Our newly expanded affordable housing programme, turbo-charged by a multi-billion pound investment, will allow housing associations to build more homes in places where they are most needed, particularly for families who are just about managing.

"By encouraging the delivery of more homes under a variety of tenures, we can create a housing market which truly works for everyone, meeting the diverse housing needs of this country."


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