Social housing leaders have been reacting to the news this morning that Rachel Reeves will announce a significant increase to Affordable Homes Programme funding (AHP) in the spending review later today.

In a short release last night, the Treasury said the chancellor will announce a £39bn, 10-year AHP, significantly more than many expected and higher than the £25bn programme reportedly being considered by Reeves earlier in the week. The average £3.9bn a year grant rate is higher than approximately £2.5bn seen under the current 2021-26 AHP, including top-ups.