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Expansion of the Affordable Homes Guarantee Scheme 2020

09 May 2024

Proposing MP
Lee Rowley Con
North East Derbyshire
Type
Written Ministerial Statement
Department
Department for Levelling Up, Housing and Communities
View on Parliament.uk -->

At a Glance

Issue Summary

The statement is about expanding the Affordable Homes Guarantee Scheme from £3 billion to £6 billion.

Action Requested

The expansion will continue to be delivered by ARA Venn on behalf of Homes England, with contracts signed and the scheme now open for business since February 12, 2024. The expanded scheme supports an additional 4,000 new homes, bringing the total to 27,000 and includes retrofitting existing housing stock.

Key Facts

  • Affordable Homes Guarantee Scheme capacity is expanding from £3 billion to £6 billion.
  • Contracts for the management of the expanded scheme were signed in February 2024.
  • The expanded scheme will support an additional 4,000 new homes, bringing the total to 27,000.
  • Eligible spend now includes upgrading existing housing stock and meeting building safety standards.
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