Social housing in England will be receiving a multi-billion pound boost, it was revealed today.
Communities secretary James Brokenshire announced that 23,000 new affordable homes will be delivered through an investment deal worth £1.67 billion.
The deal will include at least 12,500 social rent homes in high cost areas in a move to support families struggling to pay their rent as part of the government’s £9 billion investment in affordable homes.
The announcement comes amid figures indicating that the number of affordable homes started by the government fell last year, with 1,500 less starts made, a four per cent dip from the previous year.
The Communities Secretary also announced £1 billion in extra funding, which local authorities are able to bid for a share of to go towards much-needed homes, split equally between London and the rest of England.
The extra financial help was requested by local authorities and will be allocated to areas with the least affordable housing.