£23 million allocated to boost affordable housing on the Island

Thursday, 9 October 2025 07:15

The Treasury Minister says more than £23 million has been allocated to support the Island's affordable housing goals.

In response to a written question, Dr Alex Allinson confirmed that funding has been drawn from several sources to help meet the Island Plan.

The target to build 100 affordable homes per year for the next five years was made in the Island Plan update in June.

The total funding amounts to around £23.3 million from three main funds - The Housing and Communities Fund, The Housing Reserve Fund and the Housing Deficiency Fund.

More from Isle of Man News

Pet foodbank needs your help!

An Island organisation which acts as a food bank for pets on the Island is appealing for urgent help after a surge in demand.
How much cash can government raise in 10 days, asks MHK

How much cash can the government lay its hands on in 10 days if it needed to?
LegCo considers meeting on a different day

Should the Legislative Council sit on a different day in future?
Extra promenade bus facilities would cost estimated £735k

The Department of Infrastructure says extra bus stops and shelters at the end of Douglas Promenade would cost around £735,000.
Medieval cross returned home to Royal Chapel

A medieval cross dating back to the 10th century has returned to the Royal Chapel of St John's.
Arbory MHKs in "parasite politicians" spat

A question about nicotine pouches has turned into a social media spat between MHKs in the south of the Island.
Tyson Fury's boxing glove sold for £7k in charity auction

Island resident Tyson Fury's boxing glove has been sold for £7,000 at a charity auction.
Parcels may be hit by customs charges under EU rules

The Post Office says new customs rules for parcels sent to European Union countries will come into force next week.