Chancellor John Healey is set to announce £1bn for social and affordable housing in his first Budget, which he will present on Wednesday.
Housing Funding Included in First Budget
The planned commitment places social and affordable housing among the areas covered by the Budget. The available information does not provide further details on how the funding will be allocated or when it will take effect.
Healey's presentation will set out the Budget's measures, including the proposed £1bn housing commitment.
What Happens Next
The announcement is expected when the Chancellor delivers the Budget on Wednesday. Further details about the housing funding will depend on the statement.