Social Rented Housing: Finance
The question
To ask the Secretary of State for Housing, Communities and Local Government, what recent assessment her Department has made of the potential merits of providing additional funding for social rent homes in the forthcoming spending review.
Answered by Matthew Pennycook
The government is committed to delivering the biggest increase in social and affordable housebuilding in a generation.
At Spring statement, the government announced an immediate injection of £2 billion to support delivery of the biggest increase in social and affordable housebuilding in a generation and contribute to our ambitious Plan for Change milestone of building 1.5 million safe and decent homes in this Parliament. Further detail can be found in the Written Ministerial Statement made on 25 March 2025 (HCWS549).
The investment made at Spring statement follows the £800 million in new in-year funding which has been made available for the 2021-26 Affordable Homes Programme and that will support the delivery of up to 7,800 new homes, with more than half of them being Social Rent homes.
We will set out set details of new investment to succeed the 2021-26 Affordable Homes Programme at the Spending Review. This new investment will deliver a mix of homes for sub-market rent and homeownership, with a particular focus on delivering homes for social rent.
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