On 8th September 2020, Housing Secretary Robert Jenrick announced the prospectus inviting bids for the UK Government’s massive investment into affordable housing. The new measures will make it easier to get a foot on the property ladder.
In total, the new programme represents the highest single funding commitment to affordable housing in the last ten years. The £12.2 billion investment in affordable housing, which was confirmed at the Budget, also includes £700 million to be spent on new homes through the 2016 to 2022 programme.
The new £11.5 billion Affordable Homes Programme will be delivered over five years between 2021 and 2026 and will provide 180,000 new homes throughout the country, should economic conditions
link source - Construction Media