Autumn Budget 2021: Housing

I welcome the Chancellor’s housing measures announced in the autumn budget.

The Government will be providing a multi-year settlement for housing worth nearly £24billion. £11.5 billion of this will be invested in the Affordable Homes Programme in England from 2021-26 to help build up to 180,000 new affordable homes, which is the largest cash investment in a decade.

An additional £1.8 billion will also be invested to bring 1,500 hectares of brownfield land into use for housing development, meeting the Government’s commitment to unlock one million new homes this Parliament.

The Chancellor also announced that the Government are confirming £5 billion to remove unsafe cladding from the highest risk buildings. This will be partly funded by the Residential Property Developers Tax, which will be levied on developers with profits over £25 million at a rate of 4%.

Through Government measures rough sleeping numbers reduced by one third between 2019-2020. Today the Chancellor announced additional funding of £639 million resource funding per annum by 2024-2025 in order to meet the commitment to end rough sleeping. An eighty five per cent increase compared to 2019-2020.

I welcome these housing measures, which I am confident will further contribute towards ensuring we have the homes Norwich needs, which is one of my key local priorities I have set out for constituents. 

I hope you find this information helpful.  The Government’ is committed to housing, and so am I for us in Norwich.  If I can help constituents with any matter, please do email me on chloe@chloesmith.org.uk or ring my constituency office on 01603 414756.