A total of 159 new affordable homes will be built across Wales after the Welsh Government approved £45 million in low-interest loans to five Registered Social Landlords (RSLs).

The funding will support the development of a mix of social rented, intermediate rented and shared ownership homes, all designed to meet Welsh Government quality standards and energy-efficiency requirements. The investment will be distributed in two phases, with £33.3 million allocated this year and a further £11.7 million scheduled for March 2027.

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The successful housing associations include Cardiff Community Housing Association, Codi Properties Limited, Tai Hedyn Limited, Taff Housing Association and Valleys to Coast. The developments will be spread across key areas including Cardiff, Swansea, Newport, Torfaen, Bridgend and Rhondda Cynon Taf.

Over the past three years, the Welsh Government's Registered Social Landlord loan scheme has played a key role in supporting affordable housing, providing £210 million in finance and helping deliver just under 900 homes across the country.

Jayne Bryant, Cabinet Secretary for Housing and Local Government, said: "Everyone in Wales deserves a safe, warm and affordable place to call home. These loans will put 159 more families into quality homes that are built to last, and efficient to heat. By backing housing associations to deliver right across Wales, we are making a practical difference to people's lives."