Written question asked by Lord Taylor of Warwick (Non-affiliated) on Wednesday, 28 February 2024, in the House of Lords. It was due for an answer on Wednesday, 13 March 2024. It was answered by Baroness Scott of Bybrook (Conservative) on Wednesday, 13 March 2024 on behalf of the Department for Levelling Up, Housing and Communities.
Social Rented Housing: Investment
- Question
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To ask His Majesty's Government, further to the National Housing Federation report The economic impact of building social housing, published in February, what assessment they have made of the economic benefits gained by investing in social housing.
- Answer
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Government’s £11.5 billion Affordable Homes Programme (AHP) for 2021-26 funds the construction of tens of thousands of homes across the country. These include homes for rent, for low-cost home ownership, and specialist and supported housing. It offers strong value for money. The National Audit Offices estimates that for every £1 the programme spent, the programme provides £2.70 in economic and societal benefits.
Since 2010, Government has delivered over 696,100 new affordable homes, including over 482,000 affordable homes for rent, of which over 172,600 were homes for social rent.
Secondary information
- Type
- Written question
- Reference
- HL2857
- Session
- 2023-24
- Subjects
- Investment Economic situation Social rented housing
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2024-03-13 16:45:45 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2023-24/HL2857
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