Written question asked by Lord Jamieson (Conservative) on Wednesday, 25 June 2025, in the House of Lords. It was due for an answer on Wednesday, 9 July 2025. It was answered by Baroness Taylor of Stevenage (Labour) on Wednesday, 9 July 2025 on behalf of the Ministry of Housing, Communities and Local Government.

Affordable Housing: Finance

Question: To ask His Majesty's Government, with reference to the Spending Review 2025 (CP1336), what is the monetary value of the Affordable Homes Programme over the 10-year period, adjusted for (1) the GDP deflator, and (2) the Treasury’s Social Time Preference Rate as set out in the Green Book.

Answer

At the Spending Review, the Chancellor confirmed £39 billion for a successor to the Affordable Homes Programme over 10 years from 2026-27 to 2035-36. The Spending Review document sets out that spend on the AHP will reach £4 billion per year in 2029-30 and rise in line with inflation subsequently.

Up to 30% of the funding over the programme will be delivered by the Greater London Authority (GLA) in London, with at least 70% available for the rest of England via Homes England, depending on the level of future bids.

Government does not usually publish year-by-year spend on specific programmes in advance.

We have announced the overall funding commitment for the Social and Affordable Homes Programme and will continue to publish departmental capital spend figures on an annual basis.

Secondary information

Type: Written question
Reference: HL8844
Session: 2024-26
Related items: Spending Review 2025
Wednesday, 11 June 2025
Command papers
House of Commons
House of Lords; Affordable Housing: Finance
Monday, 3 November 2025
Written questions
House of Commons; Affordable Housing: Finance
Friday, 21 November 2025
Written questions
House of Commons
Subjects: Finance National income Public expenditure Affordable housing
Link: View this Written question on www.parliament.uk

Affordable Housing: Finance

Secondary information

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