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UK Government Pledges £39 Billion to Build 1.5 Million Affordable Homes

Experts warn the scheme's impact hinges on clear social rent targets

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Overview

  • The Affordable Homes Programme will run from 2026-27 to 2035-36, with spending set to peak at £4 billion annually by 2029-30 and then rise in line with inflation.
  • Housing charities such as Shelter have described the funding boost as a watershed moment in tackling the housing emergency.
  • Under the current programme only 15 percent of the 74,000 grant-funded homes were social rent, prompting calls for defined quotas in the new scheme.
  • Ipswich Council and other local authorities say the extra cash could accelerate council home construction and help reduce long waiting lists.
  • Shelter Scotland has urged ministers to channel any additional UK consequentials into its Affordable Housing Supply Programme, which this year rose to £768 million.