Around 119,000 new affordable homes will be built across England following the recent funds of £8.6bn from the MHCLG. The funding, which has come from the £11.5bn Affordable Housing Programme published last September, has been awarded to over 90 organisations, including associates, councils, and developers.
Overall Investment Facts & Figures;
- 57,000 homes for affordable ownerships
- 29,600 homes for social rent
- 6,250 affordable rural homes
- Support over 370,000 jobs for housebuilders, SME developers and other trades
Peter Denton, Chief Executive, Homes England said:
“Not only does today’s announcement give our new strategic partners the funding, flexibility, and confidence they need to build much needed affordable homes across the country, it also establishes an extensive network of organisations looking to share their skills and capabilities to expand the affordable housing sector and transform communities.
“By forming strategic partnerships with a wide range of public and private organisations, we are creating the conditions needed for institutional investment to catalyse affordable housing supply and in future give local authorities more of the tools they need to plan and act strategically, shaping their communities and building new homes.