Reeves announces extra £2bn for affordable homes
By Carl Brown2025-03-25T09:25:00
Sector welcomes grant funding, which is intended as a ’bridge’ between current programme and future grant to be announced in June
Rachel Reeves has announced an extra £2bn in grant funding for the development of affordable housing.
The chancellor said the latest funding top-up will deliver 18,000 new homes for affordable tenures with the homes due to complete by the end of the parliament, thereby contributing to the government’s 1.5m homes target.