The Housing Secretary Robert Jenrick has announced that the scheme which helps more families across the UK into affordable homes has been extended by a year.
Following the effects of the Coronavirus pandemic and the subsequent slump in housebuilding, it has been estimated that this has caused a stalling of 53,000 homes being built. To safeguard funding, the government has stepped in to ensure that the homes will still be available to families and so have extended the current Affordable Homes Programme until March 2023.
The Housing Secretary Robert Jenrick has announced that the scheme which helps more families across the UK into affordable homes has been extended by a year.
Following the effects of the Coronavirus pandemic and the subsequent slump in housebuilding, it has been estimated that this has caused a stalling of 53,000 homes being built. To safeguard funding, the government has stepped in to ensure that the homes will still be available to families and so have extended the current Affordable Homes Programme until March 2023.
This relaxes the pressure on housing associations and local councils as building work that should have already begun but was stalled due to the coronavirus now has a year to catch up while still getting the benefit of government support.
It was confirmed last week that the £12bn Affordable Homes Programme which will start next year, will provide support for up to 180,000 new homes, including the shared accommodation sector and social renting.
Housing Secretary Rt Hon Robert Jenrick MP said:
“Today I am announcing that we are giving more flexibility to housing associations and councils to help them deliver affordable homes. We’ve listened closely to the sector and agreed that there will now have a longer deadline for using government funding to get these homes built.
Building the homes the country needs is central to the mission of this government as we prioritise uniting and levelling up the country”.
More than 1.5 million new homes have been delivered since 2010, including more than 460,000 affordable homes.
In further support of UK housebuilding, it was announced last week that there are intentions for;
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