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<p>Our £9 billion Affordable Homes Programme is on track to deliver 250,000 homes
by March 2022. This includes the 23,000 affordable homes, of which at least 12,500
will be social rent homes in areas of high affordability pressure, announced in June
2018.</p><p>Since the announcement, we have abolished the Housing Revenue Account
(HRA) borrowing cap, freeing up councils to double delivery to around 10,000 new homes
a year by 2021/22, and have confirmed a longer-term rent deal for 5 years from 2020
that will provide councils with a stable investment environment to deliver new homes.</p><p>
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