The Government is launching a £2.3bn housing infrastructure fund to deliver infrastructure for up to 100,000 new homes in areas of high demand, according to Chancellor Philip Hammond.
The Chancellor also announced an additional £3.15bn for 90,000 new houses in London.
Delivering the Autumn Statement today, Hammond said home ownership was still impossible for many.
The Government has also set aside an additional £1.4bn to deliver 40,000 affordable homes, Hammond said.
The cash will be split between rent to buy, shared ownership and affordable rent schemes.
The Government is also set to launch a housing white paper to address more housing issues.