Funding To Deliver Almost 14,000 New Affordable Homes

Ministers have announced a multi-million pound boost to build thousands of new affordable homes across the country.  Sixty-nine different housing associations and developers will each receive a share of £220 million to deliver almost 14,000 new affordable homes outside London. The move is part of wider government efforts to get Britain building, which will lead to the fastest annual rate of affordable house building for 2 decades.  The funding is part of the expanded £450 million Affordable Housing Guarantees which will support up to £3.5 billion in government debt guarantees to deliver thousands of new homes.  Of the almost 14,000 homes this money will help deliver, the majority will be available at an affordable rent with 2,000 of those available to buy through shared ownership. Read more on the Gov.uk website.