The Cabinet Secretary for Housing and Local Government, , will today (Tuesday, 3
February) announce £60 million in funding to boost
housing delivery across Wales.
The investment includes an indicative £50 million for
the Transitional Accommodation Capital Programme
(TACP) enabling the scheme to re-open for
2026-27. This is being announced early to give the
sector time to prepare, so homes can be delivered
quickly.
This comes alongside an additional £11 million in
repayable finance that has been
made available for the Land for Housing
loan scheme this financial year.
The funding forms part of a statement to the Senedd in which the
Cabinet Secretary will set out the substantial progress made on
housing delivery during this government term.
The Cabinet Secretary will say: "Having a stable home is
fundamental to people's sense of security, wellbeing, and future
prospects, which is why we put house building as a centrepiece of
the things that we are determined to deliver.
“Despite some of the most challenging conditions the
housebuilding sector has faced in a generation, including the
aftermath of the pandemic, disrupted supply chains, rising
material and labour costs, and prolonged high interest rates,
housing delivery in Wales has remained resilient.
"We promised to deliver more homes – and we are
delivering."
The £50 million for TACP will enable good-quality homes to be
delivered at pace through acquisitions, conversions and
refurbishment of void properties.
The programme has already supported over 2,700 homes,
with a
further 1,000 additional homes expected
through this year's programme, while creating assets
that remain within the social housing system for the
long term.
The additional £11 million of repayable
finance made available for the Land for Housing
Loan scheme, combined with recycled loan funding, will
provide total funding of £23 million
this financial year. The scheme aims to support the
delivery of up to 850 additional homes by securing
land sites for housing development.
The Cabinet Secretary has also reopened the RSL
Low-cost Loan Scheme, putting £36m towards a scheme that is
already on track to deliver over 270 new affordable homes and
improvements to over 4,000 existing properties.
Social housing capital investment has exceeded £2 billion over
the current Senedd term, including £466 million in
this financial year alone.
ENDS
Notes to editors
- The Welsh Government is on track to deliver
20,000 additional homes for rent in the social sector
by November 2026, with the highest sustained delivery of
affordable housing in Wales in nearly
two decades.
- Since 2021, more than 17,000 private sector homes have been
completed in Wales.
- A total of £90 million in recyclable loan funding has already
been invested into the Land for Housing loan scheme
since its inception, to secure land towards the
delivery of up to 7,400 homes.
- TACP received an additional £55
million last October, boosting this
year's allocation to £155 million.
