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100,000 new homes

100,000 new homes

23rd November 2016

In his Autumn Statement, the chancellor Philip Hammond announced a £2.3 billion housing infrastructure fund for up to 100,000 new homes in areas of high demand, and £1.4 billion for 40,000 additional affordable homes.

He also said that government grants would be relaxed to allow housing providers to deliver a wider range of housing types.

London will also receive £3.15 billion as its share of national affording housing funding to deliver a commitment for more than 90,000 affordable homes.

Introducing the housing infrastructure fund, Hammond said: “One of the biggest objections to housing delivery is the impact on local infrastructure. We will focus infrastructure investment on unlocking housing.”

Hammond also said: “This commitment to housing represents a step change in our ambition to deliver a housing market that works for everyone.”

 

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