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14 February 2025

Daily Newsletter

14 February 2025

UK government boosts affordable housing with $435.4m investment

The investment forms part of the government's wider Plan for Change initiative.

sathya February 13 2025

The UK government has announced a significant £350m ($435.4m) investment to bolster the construction of affordable homes and enhance housing standards.

Up to 2,800 additional homes are set to be built through a £300m boost to the Affordable Homes Programme. This funding will prioritise social rent, with half of the new homes dedicated to this purpose.

Moreover, more than 250 council homes will be constructed via a £50m increase to the Local Authority Housing Fund, providing quality temporary accommodation for those in need.

This investment is part of a broader strategy to deliver a significant increase in social and affordable housebuilding in the UK.

The government stated that many have been unable to own their own home, with over 123,000 households currently in temporary accommodation, including nearly 160,000 children.

Furthermore, almost 6,000 families with children are reportedly staying in temporary bed-and-breakfast (B&B) accommodation.

The government is also planning to introduce measures to protect tenants from 'rogue' supported housing landlords.

These landlords have reportedly been exploiting the system by claiming uncapped housing benefits while offering substandard homes without necessary care or support.

The latest moves support the government's Plan for Change, which includes a commitment to build 1.5 million homes that the country needs by the end of this parliament.

The recent investment follows a £500m allocation for up to 5,000 more affordable homes and builds on the programme's initial £11.5bn budget.

Additionally, £450m has been provided to 150 councils to reduce reliance on unsuitable B&B accommodation and ensure safe and sustainable housing.

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