Reeves announces extra £2bn for affordable homes

By Carl Brown2025-03-25T09:24:00

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.

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