Houses being built on a construction site

Councils can bid for £12bn Affordable Housing Programme

The Housing Secretary, Robert Jenrick, has today (Sept 8) announced how their £12bn Affordable Homes Programme will be used.

Councils, housing associations and private providers will be able to submit a bid for a portion of the funds that were originally announced as part of the 2020 Budget.

The funding will be delivered over 5 years, from 2021 to 2026, with 180,000 new houses expected to be built across the country in that time frame.

Almost half of the housing will be affordable housing, with the other half being discounted rent, including supported housing.

Social rent is typically between 50% and 60% of the usual market rate.

The Government has also outlined that almost £7.5bn of the funds will be distributed outside of London, £2bn more than the last  Affordable Homes Programme offered.

Housing Secretary Rt Hon Robert Jenrick MP said:

“Today’s announcement represents the highest single funding commitment to affordable housing in a decade and is part of our comprehensive plans to build back better.

“This government is helping hard-working families and prospective first-time buyers get their feet on the housing ladder in an affordable way.

“Thanks to the range of flexible ownership options being made available, more families across the country will be able to realise their dreams of owning their own home, with half of these homes being made available for ownership.”

Alongside the funding announced, the Government has also announced changes to how the Shared Ownership model will work.

The new Shared Ownership model announced today will:

  • reduce the minimum initial share you can buy in a property from 25% to 10%
  • allow people to buy additional shares in their home in 1% instalments, with heavily reduced fees
  • introduce a 10-year period for new shared owners where the landlord will cover the cost of any repairs and maintenance
PSE Oct/Nov 21

PSE Oct/Nov 21

Power & Positionaility

Our October/November 2021 edition of PSE delves into a number of key areas for public sector progress, including decarbonisation and digital transformation. Equally read our exclusive interview with Sir Richard Leese, as he reflects on a remarkable 25 year career with Manchester City Council, while elsewhere we learn how to evolve our green capabilities in public sector transport.

Videos...

View all videos
#PSE365: Digtial Transformation in association with Cisco

Be A Part Of It!

14th October 2021
PSE365: Digital Transformation in association with Cisco

PSE has created a full calendar of events to address the most important issues that influence the delivery of public sector services. 

Over 365 days you’ll have the opportunity to hear from a range of highly motivating, informative and inspirational speakers. These speakers will equip you with knowledge and unique insight to enable you to overcome the challenges that you face.

Magazine Feature

Keep communities at the heart of planning

Chris Borg, NALC policy manager

Chris Borg discusses the Planning for the Future white paper and explains the importance of residents and local councils having a say when it comes to planning

More articles...

View all