Today’s promise of 30,000 housing association dwellings put into perspective

Owl says note that the “affordable” hoysing will still be 80% of market value … making these homes still unaffordable for those on low incomes.

Chancellor Philip Hammond has today committed £3billion in extra borrowing to deliver 30,000 new affordable homes in England.

In the Spring Statement, the Chancellor announced that the Government will guarantee the extra borrowing by housing associations to support the delivery of the homes, but did not supply a timetable for delivery.

The Chancellor also announced that £717million from the £5.5billion Housing Infrastructure Fund will be used to help ‘unlock’ up to 37,000 homes at sites including Old Oak Common in London, the Oxford-Cambridge Arc and Cheshire. …”

BUT IN THE SAME ARTICLE:

“In November This is Money revealed that local councils have fallen over six years behind their own house building targets.

Councils’ own figures revealed that development across the UK is moving at such a glacial pace that 316 sites will have fallen short of targets by 889,803 homes within the next eight years. …”

https://www.thisismoney.co.uk/money/mortgageshome/article-6804561/Spring-Statement-Housing-associations-borrow-3bn-build-new-affordable-homes.html

One thought on “Today’s promise of 30,000 housing association dwellings put into perspective

  1. There is a world of difference between “affordable homes” – which are only ever so slightly more affordable for the less well off than the utterly unaffordable ones at full price – and “social housing” provided by non-profit organisations which is genuinely affordable for those on low incomes.

    The current government is simply not interested in any form of social housing.

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