Fri 17 Oct 2014 View all news articles

200,000 new affordable homes provided since April 2010

More than 200,000 new affordable homes have been provided in England since April 2010, according to new Government figures published yesterday.
 
This includes the government’s Affordable Homes Programme: already, 132,000 of the 170,000 homes planned through the programme have been provided, thanks to £19.5 billion public and private funding being invested.
 
It means that since April 2010, 204,000 new affordable homes have been provided.
 
New figures published also show how thousands of social housing tenants who previously were locked out of home ownership are now exercising their Right to Buy thanks to the reinvigorated scheme.
 
Since April 2010, 31,600 households have taken up their Right to Buy – including 22,600 council tenants and 8,900 housing associations with the preserved Right to Buy.
 
But of these, over three quarters – 24,100 - were able to do so since April 2012 when the increased discounts were introduced in the reinvigorated scheme.
 
Housing minister Brandon Lewis welcomed the figures as a “clear sign” of how the government’s long-term economic plan was working, with new affordable homes being provided “in every corner of the country”.
 
He added: “Since 2010 we’ve delivered 204,000 new affordable homes. And, thanks to our reinvigorated Right to Buy, social housing tenants who once saw home ownership as being out of reach are now getting their chance to take their first steps onto the property ladder.”

Source: Housingnews.co.uk

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