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Govt figures show growth in affordable housebuilding

Govt figures show growth in affordable housebuilding

The government has released figures showing the biggest increase in construction of affordable homes for 22 years.More than 66,000 of these properties were delivered in the last 12 months, 55 per cent more than in the previous year, data from the Department for Communities and Local Government (DCLG) showed.Supply of social and affordable homes to rent increased by nearly two-thirds, while the number of properties available to buy increased by 41 per cent.Over 270,000 new affordable homes have been delivered since 2010, with the government stating that housebuilding is central to its long-term economic plan.The current administration's goal is to construct one million new homes by 2020.In last week's Autumn Statement and Spending Review, the chancellor of the exchequer announced plans to double investment in housing development to £8 billion, supporting the largest affordable housebuilding programme since the 1970s.The government's plans includes a new Help to Buy: Shared Ownership scheme providing 135,000 new homes and a London Help to Buy initiative designed to make it easier for people living in the capital to get on the property ladder with lower deposits.Around 200,000 new starter homes are set to be made available to young first-time buyers at a 20 per cent discount.Discussing the latest DCLG figures, housing minister Brandon Lewis said: "Our housebuilding efforts are paying off and can be seen by this considerable increase in the number of affordable homes built in just one year."This is real progress but there is more to do. That's why we are going further and increasing our investment in these homes to ensure many more hard-working people can benefit."A number of housing-related measures are currently going through parliament, including planning reforms designed to support small builders by obliging councils to provide appropriate sites for custom-build homes. 

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