The article says the Government is concentrating on “affordable homes”. Affordability is calculated at offering a discount of 20% on the average price of other houses on a development. So, if the development has an average cost of £300,000 an affordable home (smaller and usually sited at the least attractive part of a development) would be £240,000. There is no such thing as a private “affordable rent”.
Social housing is built and controlled by councils or housing associations and rents are lower than in the private sector.
“Fewer social homes are being built than at any time since the Second World War, new official figures have revealed.
Government data shows just 5,380 new social homes were completed across England last year – down from 6,800 the previous year.
The number has plummeted from 39,560 in 2010/11 – the year the Conservatives came to power. …
… Responding to the latest figures, Labour said immediate action was needed. John Healey MP, the party’s Shadow Secretary of State for Housing, said: “After the Grenfell Tower fire Theresa May admitted the Conservatives haven’t given enough attention to social housing. These shocking figures show she was right.
“The number of new social rented homes being built is now at the lowest level on record, and the number of new low-cost homes to buy is at just half the level it was under Labour. After seven years of failure on housing the Chancellor must use the Budget to tackle the housing crisis.”
Housing and Planning Minister Alok Sharma said: “These latest figures show progress but we know there is more to do. That’s why we have increased the affordable homes budget to more than £9bn and introduced a wider range of measures to boost building more affordable homes, supporting the different needs of a wide range of people.”