The Welsh government has announced that £24m is to be invested into building more affordable homes in Wales.
It is already committed to providing 20,000 affordable homes by 2021, 13,143 of which have been delivered.
The additional injection of funding will see £6m in general capital funding allocated to the Social Housing Grant (SHG) programme. This will help build an additional 70 new homes across Wales.
This is in addition to the extra £50m allocated as part of the capital investment package announced in June 2019, bringing the total allocation to the SHG grant programme to £127.2m in 2019/20.
In addition, £17.8m in financial transactional capital (loans) is being made to the Help to Buy Wales and Property Loan schemes.
‘We want to build more homes, at pace, and at scale,’ said housing minister, Julie James.
‘The additional investment I am announcing today will help us meet that pledge, helping to boost the construction sector and ensuring people have the home they need, which supports a healthy, successful and prosperous life.
‘By the end of this current term of government, we will have invested more than £2bn in housing across Wales – a clear indication of the importance we attached to delivering more good-quality homes, which are the bedrock of good communities and form the basis for individuals and families to flourish in all aspects of their lives.’
