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<p>The government is committed to delivering social and affordable housing and is
investing £11.5 billion in the Affordable Homes Programme from 2021 to 2026. This
is the largest investment in affordable housing in a decade and includes investment
in supported housing, social and affordable rent and shared ownership. In addition
to support local authorities to deliver council housing, in March 2021 the government
announced a package of reforms to give councils more freedom in how they can spend
the money they receive from Right to Buy sales on replacement homes; and at Spring
Budget 2023 we announced a discounted Public Works Loan Board borrowing rate for Housing
Revenue Accounts.</p>
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