WELSH GOVERNMENT HAS set aside £50m to help social landlords develop new homes, as well as to help decarbonise existing properties.
To be delivered as part of the last budget of the current, fifth Assembly, the draft budget also includes £10m for modular home construction and £18.4m for three Tirion Homes residential developments in Tonyrefail, Cardiff and Newport totalling 1,500 homes.
Welsh Government has also allocated an additional £8.2m of capital funding in 2020-21 for a carbon neutral house project within Coleg Y Cymoedd in Rhondda Cynon Taf, designed to provide a state of the art education and training facility.
The budget document itself says: “Providing secure, affordable housing plays an important role in supporting vulnerable individuals to overcome mental health and substance misuse issues.
“Enabling people to stay in their homes for longer also brings significant health and social benefits. Investment in housing also provides support to the Welsh economy in terms of maintaining and supporting jobs in the construction industry and the supply chain.”
The budget is the first since Welsh Government declared a climate emergency. The biggest slices of funding have been allocated to NHS Wales, local government and schools.
Speaking ahead of its publication, Finance Minister Rebecca Evans said: “This draft Budget delivers on our promises to the people of Wales and invests to protect the future of our planet.
“Despite a decade of austerity, our plans will see investment in the Welsh NHS reach £37 billion since the start of this Assembly term in 2016.
“We are also providing major new funding to combat climate change and ensure our vital public services, such as schools and local government all receive funding increases.
“Our promises have driven our priorities in the face of ruthless UK government austerity that has left Wales worse off.”