Around 120,000 new homes will be built in an £8.6bn plan amounting to the largest single investment in affordable housing in a decade, says the government.
The Housing department says its Affordable Homes Programme will deliver 119,000 homes for young people and families, including 57,000 for ownership, 29,600 for social rent and 6,250 affordable rural homes.
Homes England, the government body responsible for housing delivery, will run the fund for housing outside London, while the Greater London Authority will administer the scheme inside the capital.
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