New Funding for Homes Promised by PM
Theresa May has announced £2bn to build new homes in England, in an attempt to remove the “stigma” of social housing.
At the National Housing Federation Summit 2018, the PM has announced £2bn to build new homes in England, in an attempt to remove the “stigma” of social housing. This comes as welcome news to Housing Associations who have been at the forefront of long-term affordable housing solutions and who are currently up against a huge jump in land prices.
Speaking at the National Housing Federation summit, The Prime Minister said,
“We should never see social housing as something that need simply be ‘good enough’, nor think that the people who live in it should be grateful for their safety net and expect no better,” she said.
United Communities welcomes this statement from the PM as it is at the core of our ‘More Than just a Roof’ approach. We want our residents to be proud of their homes and for new houses to enable communities to grow and to flourish.
Further, the news of new funding is especially welcome given the widespread challenge of finding affordable land. New research shows that while landowners in England made more than £13 billion in profit alone over 2016/17, housing associations are being priced out of the market.
Oona Goldsworthy, CEO United Communities, was interviewed on the BBC News at 10 earlier this week to discuss this pressing issue. She shared our own experiences of the difficulty of securing land as a leading Housing Association in the South West.
The National Housing Federation said that if more of the increase in land price was captured, the government could use it to fund as many as 100,000 affordable homes each year. Our thanks to BBC home editor Mark Easton for covering the story.
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