To ask the Secretary of State for Housing, Communities and Local Government, what assessment he has made of the potential merits of establishing a Housing Conversion Fund to support social landlords seeking to purchase unsold homes.
21 July 2020
The Affordable Homes Programme supports the delivery of affordable housing, primarily in the form of new build but also by enabling providers to purchase homes from developers to be delivered as affordable housing where this helps support additional homes. We have made £9 billion available through the Affordable Homes Programme to March 2022 to deliver approximately 250,000 affordable homes in a wide range of tenures, including Social Rent and Shared Ownership. We announced at Budget that we will invest £12 billion to deliver affordable housing between 2021/22 and 2025/26 – this marks the biggest cash investment in affordable housing for a decade and will deliver up to 180,000 affordable homes. We monitor affordable housing delivery and the state of the wider housing market closely and we will keep the need for any further measures under review.