To ask the Secretary of State for Housing, Communities and Local Government, what the affordable housing budget was in each of the last five years; and what proportion of that budget in each year was allocated to London.
23 April 2018
The Government funds affordable housing through the Affordable Homes Programme. It does not announce funding on a yearly basis. The allocations of funding are as follows:
Amount of funding
Affordable Homes Programme 2011 - 2015
Affordable Homes Programme 2015 – 2018*
Shared Ownership and Affordable Homes Programme 2016 - 2021
* In addition to the 2015 - 2018 programme we also announced the Rent to Buy loan scheme of £200 million funding to deliver Rent to Buy homes.
In recognition of the acute needs and affordability pressure, London will be receiving £4.8 billion of the Affordable Homes Programme budget from 2015 – 2022, to deliver at least 116,000 homes by March 2022. This was extended beyond the 2016-2021 programme to allow for additional delivery in London.