Affordable Housing and Private Rented Housing: Finance
The question
To ask the Secretary of State for Work and Pensions, what discussions she has had with the Secretary of State for Housing, Communities and Local Government on reviewing the balance of funding between housing support for private rents and long-term capital grants for affordable housing.
Answered by Sir Stephen Timms
My department has been supporting the development of a long-term housing strategy which the government intends to publish later this year.
At Spending Review 2025, the government announced the biggest boost to social and affordable housing investment for England in a generation, confirming £39 billion for a successor to the Affordable Homes Programme over 10 years from 2026-27 to 2035-36. The programme will prioritise homes for social rent and will make more homes available for those who would otherwise struggle to afford private rents. The Government also announced a 10-year social housing rent settlement from 2026 at CPI + 1%, alongside a consultation on how to implement social housing rent convergence.
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