A £2 billion investment into the Affordable Homes Programme (AHP) will help deliver up to 18,000 new social and affordable homes in England, according to ministers.
The Government said the funding, confirmed in March’s Spring Statement, would support the “biggest boost in social and affordable housebuilding in a generation”.
The announcement ensures that housing providers can continue to deliver homes without disruption while the next phase of the AHP is developed.
Cllr Adam Hug, the LGA’s Housing Spokesperson, said: “This additional funding for affordable housing will provide much needed certainty and stability to councils and other housing providers.
“It will ensure momentum can be maintained in the delivery of social and affordable homes, ahead of an announcement about the successor to the AHP.
“Alongside this, the Government must also deliver a long-term sustainable funding framework for social housing so that councils can invest in their existing stock, as well as ramping up vital new-build programmes.”