Government To Use Grant Funding For 12,500 Socially Rented Homes

The government has revealed that £1.67bn of previously announced housing funding will be used to build 23,000 affordable homes, including 12,500 for social rent. The government has announced what it has termed a “£1.67bn social housing deal” for 23,000 new homes across England but outside London. It has also published the long-awaited bidding criteria for £1bn of additional borrowing headroom designed to help fund council house building projects. This £1.67bn comes from a total of £9.1bn set aside for affordable housing projects through to 2022. Read the Government statement on the Parliament website.

https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-06-26/HCWS797