To ask the Secretary of State for Levelling Up, Housing and Communities, what assessment he has made of the impact of the Affordable Homes Programme on the buy-to-let sector.
Answered on
16 November 2021
Since 2010, we have delivered over 542,400 new affordable homes, including over 382,300 affordable homes for rent, of which over 149,400 homes for social rent. New social housing is a key priority for the Department of Levelling Up, Housing and Communities.
As part of our drive to level up, we are keen to see affordable homes built right across the country, supporting all communities. Sixty-five per cent of the £11.5 billion Affordable Homes Programme 2021-26 is due to go to regions of England outside of London, up from 55% in the 2016-23 Programme.
To ensure Social Rent homes are built where they are most needed, we have changed the rules for Social Rent making grant available for it right across the country and provided additional funding to deliver Social Rent homes in local authority areas where affordability pressures are highest.