Affordable Housing: Finance – Parliamentary Written Answer

John Healey:  To ask the Secretary of State for Communities and Local Government, what funding has been earmarked for the (a) Affordable Homes Programme 2015-2018 and (b) Shared Ownership and Affordable Homes Programme 2016-21, broken down by budget heading.

Gavin Barwell: The 2015-18 Affordable Homes Programme, announced in September 2014 under the Coalition Government, included £2.9 billion grant funding and £400 million loan funding. At the Spending Review 2015, Government announced the new Shared Ownership and Affordable Homes Programme 2016-21, with £5.7 billion budget including £1 billion for existing commitments from the Affordable Homes Programme 2015-18, in addition to the funding already allocated. At Autumn Statement 2016, the Government announced an additional £1.4 billion investment to the Affordable Homes Programme 2016-21, increasing the overall budget to £7.1 billion.