Budget to provide more than £1 billion for affordable housing
The Budget will increase housing funding in England and give local leaders more power over investment decisions.
The Budget will give over £1 billion. The money is for social and affordable homes.
The 10-year homes programme will pass £40 billion. Councils may borrow money for homes at lower interest rates.
Mayors and regional leaders in England may get more power. They may also get more money.
They may decide more about investment. They may need fewer funding bids from Westminster.
The government will give £285 million next year. This money will help areas without strategic-authority status.
The government also plans a £1.5 billion loan fund. It may start in 2028.
The fund may help mayors pay for local projects.
Section: Business
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