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UK Launches 'Housing Bank' to Fund 1.5M Homes

6/10/2025

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Summary

Story summary

The UK government is set to launch a 'housing bank' via Homes England, offering low-cost financing to boost affordable housing. Chancellor Rachel Reeves is determined to elevate the Affordable Homes Programme funding to £25 billion over the next decade, a vital step toward achieving the ambitious goal of constructing 1.5 million homes in this parliamentary term.

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Story summary

The UK government is set to launch a 'housing bank' via Homes England, offering low-cost financing to boost affordable housing. Chancellor Rachel Reeves is determined to elevate the Affordable Homes Programme funding to £25 billion over the next decade, a vital step toward achieving the ambitious goal of constructing 1.5 million homes in this parliamentary term.