The UK has unlocked £1 billion to build new affordable homes, Housing Minister Brandon Lewis has confirmed.
The minister said this new milestone highlighted how the government is “delivering on its promise to do everything possible to get the new homes built to help hard working families with their housing needs”.
Speaking to the Northern Housing Consortium in Leeds, Mr Lewis said the £1 billion in housing guarantees approved to date would help build more than 9,000 new affordable homes across the UK – in addition to the 200,000 affordable homes the government has provided in England since 2010.
Housing Minister Brandon Lewis said: “Since 2010 this government has put in place a long-term economic plan that is cutting the national deficit, supporting people back into work and keeping interest rates down to help people with their mortgages.
“Our affordable housing guarantee scheme is a prime example of the benefits that brings: the government’s strong economic record unlocking more than £1 billion for sensible borrowing at rates well below the market average.”
This funding is helping to build 9,000 homes across the UK, on top of the 200,000 affordable homes already built since 2010.
Source: The Movechannel