House of Commons · Written Ministerial Statement
Social and Affordable Housing: Next Steps
28 October 2024 · Ministry of Housing, Communities and Local Government
Proposed by Angela Rayner Lab Ashton-under-Lyne
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The Government will provide an immediate 500 million cash injection for the Affordable Homes Programme.
- The Government will consult on a new five-year rent settlement capping social housing rents.
- The Government will retain all receipts from Right to Buy sales for councils and reduce Right to Buy discounts.
Issue summary
The statement addresses the government's plans to increase affordable and social housing through budget allocations and policy changes.
Action requested
The Government will provide an immediate £500 million cash injection for the Affordable Homes Programme, consult on a new five-year rent settlement capping social housing rents, retain all receipts from Right to Buy sales for councils, reduce Right to Buy discounts, and allocate £128 million for new housing projects.
Key facts
- The Government will provide an immediate one year cash injection of £500 million to the Affordable Homes Programme.
- This investment will deliver up to 5000 new social and affordable homes in 2025/2026, bringing total investment to over £5 billion.
- A consultation on a new five-year social housing rent settlement capping rents will be held.
- The Government plans to retain 100% of receipts from Right to Buy sales for councils and reduce discounts under the scheme.
- £128 million funding is allocated for new housing projects.