UK affordable housing target exceeded as next five year target is announced

More than 260,000 affordable homes have been delivered in the UK since April 2010 and a further 275,000 will be built in the next five years, it has been confirmed.

In the last 12 months some 60,000 affordable homes were delivered, a rise of 63% on the previous 12 months, according to UK Housing Minister Brandon Lewis.

He said that there will be £38 billion public and private investment for the Affordable Homes Programme between now and 2020 and he added that the 2011 to 2015 programme has exceeded expectation with 186,000 affordable homes since it started, some 16,000 more than originally planned.

‘This government is determined to ensure anyone who works hard and aspires to own their own home should have the opportunity to turn their dream into a reality. Our affordable housebuilding efforts are exceeding our ambitions and delivering more than 260,000 affordable homes,’ said Lewis.

‘It’s a boost to families across the country, providing them with new quality homes that are available at an affordable rent or to buy through our shared ownership scheme. This is real progress but we know there is more to do. That’s why £38 billion of public and private investment will be made available over the next five years to deliver 275,000 extra affordable homes, the fastest rate of delivery for 20 years,’ he explained.

The Affordable Homes Programme includes social rented homes, affordable rented homes and affordable home ownership schemes, and is a key part of the government’s long term economic plan.

The data shows that nearly a third of affordable homes delivered last year were in London. Council areas that have seen some of the biggest numbers of affordable homes delivered since 2010, include Cornwall with 3,750, Birmingham with 3,460, Wiltshire with 3,420, Leeds with 2,360, Liverpool with 2,270 and Manchester with 2,160.

BOOKMARK THIS PAGE (What is this?)     

Source: Property News Spain