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<p>The additional £1.4 billion investment in the Affordable Homes Programme will deliver
an estimated additional 40,000 affordable housing starts by 2020/21, increasing the
overall capital budget to £7.1 billion up to 2021 to deliver an estimated 225,000
affordable homes.</p><p>The flexible programme will fund a mix of affordable housing
including affordable homes for rent and low cost home ownership. The actual split
of tenures will depend on bids received, based on the assessment of local needs and
local housing markets. All homes provided under the programme will be part-funded
by a central government grant; this is in addition to other affordable homes delivered
without grant and those delivered with Right to Buy receipts.</p><p><br></p>
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