Friday, May 18, 2018

4 million new homes needed

England must build 340,000 homes per year until 2031 to meet demand.

The research suggests that around 40 per cent of all new homes built every year must be affordable homes – in 2016-17, only around 23 per cent of the total built fell into that category. Affordable homes should not cost more than 80 per cent of average rent in a given area.

Charities, which also include Crisis and the Joseph Rowntree Foundation, said a pledge by the prime minister to invest £2bn in affordable housing would deliver a mere 10 per cent of the social rented homes needed each year.

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