Reeves reportedly drawing up plans for ‘housing bank’ and £25bn Affordable Homes Programme

2025-06-10T12:53:00

Homes England to be redesignated as public finance institution to allow it to create financial assets and lower capital costs for developers

Rachel Reeves is considering a £25bn, 10-year Affordable Homes Programme (AHP), according to reports ahead of tomorrow’s multi-year spending review.

The chancellor could also tomorrow announce plans to redesignate Homes England as a public financial institution or ‘housing bank’ to make it easier for it to deliver cheaper finance for housebuilding, the Financial Times has reported.

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