Affordable Housing: Finance
The question
To ask the Secretary of State for Housing, Communities and Local Government, what estimate she has made of the proportion of projected additional funding for the Affordable Homes Programme that will be allocated to homes for social rent in the next three financial years.
Answered by Matthew Pennycook
The 2021-26 Affordable Homes Programme averages £2.3 billion of grant capital funding per year.
The Spending Review 2025 policy paper (which can be found on gov.uk here) makes clear that spending on our new £39 billion, 10-year Social and Affordable Homes Programme (2026-27 to 2035-36) will reach £4 billion per year in 2029-30 and rise in line with inflation subsequently.
As such, government spending on affordable housing investment will have almost doubled by the end of this Parliament.
Government does not usually publish year-by-year spend on specific programmes in advance. We will continue to publish past year’s expenditure figures in the department's Annual Report and Accounts.
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