Affordable Homes Programme Extended

A scheme to help get more families across England into affordable homes has been extended by a year, Housing Secretary Robert Jenrick has announced. Following unavoidable delays in the construction industry due to coronavirus, it is estimated that the building of 53,000 new affordable homes have stalled. The government is stepping in to safeguard funding and make sure these much-needed homes are not lost altogether, extending the current Affordable Homes Programme until March 2023. Homes to be built under the government’s £9 billion scheme originally needed shovels to be in the ground by March 2022. However the announcement means that housing associations and councils have a year longer to begin building these homes while still receiving government support. Read more on the Gov UK website.

https://www.gov.uk/government/news/jenrick-acts-to-safeguard-affordable-homes-during-pandemic