“The number of new government-funded houses built for social rent each year has plummeted by 97 per cent since the Conservatives took office in 2010, official statistics have shown.
More than 36,700 new socially rented homes were built with government money in England in 2010-11 – the year in which the Tories came to power in coalition with the Liberal Democrats. By the 2016-17, financial year that finished in April, that figure had fallen to just 1,102.
In the same period the total number of affordable homes built with government money more than halved – from 55,909 to 27,792.
Instead of socially rented homes that are typically available to vulnerable families at around 50 per cent of market value, the Government has prioritised the building of “affordable” homes for which rents can be charged at up to 80 per cent of market value. Critics say that, in many areas of the country, these rents are not genuinely affordable for people on low and middle incomes.
The Conservatives were forced to U-turn during the election campaign after Theresa May announced the Tories would deliver “a constant supply of new homes for social rent”. The Government was later forced to admit that the new homes would, in fact, be the significantly more expensive “affordable” homes.
The drop in social house building is likely to increase pressure on Theresa May and her Government in the wake of the devastating fire at Grenfell Tower in Kensington, which raised fresh questions about the Government’s record on social housing. …”