Overview

• Chancellor Rachel Reeves committed £39 billion over ten years to construct 1.5 million affordable and social homes, marking an average annual investment of £3.9 billion.
• Industry leaders including the National Housing Federation hailed the package as the biggest boost to social housing investment in a generation.
• Government documents reveal that from 2026 social housing landlords can raise rents by 1 percent above the rate of inflation each year.
• Shelter data indicates that only 15 percent of homes built under the current programme qualify as true social rent properties, raising concerns over fund allocation.
• Charities and the Bishop of Manchester have called on ministers to set clear, enforceable targets for social rent homes to ensure the most vulnerable benefit.