Source · Select Committees · Housing, Communities and Local Government Committee
Recommendation 13
13
Paragraph: 90
It is time for the Government to invest so the country can build 90,000 social...
Recommendation
It is time for the Government to invest so the country can build 90,000 social rent homes a year. We appreciate that even with the funding we set out below, any programme will take time to scale up, but we expect the Government should be able to increase delivery to 90,000 within five years.
Paragraph Reference:
90
Government Response
Acknowledged
HM Government
Acknowledged
The Government recognises the need to increase housing supply across all tenures. The Chancellor announced a £12bn investment in Affordable Housing at the Budget in March 2020, which will provide new homes up to 2025/26. The new £11.5bn Affordable Homes Programme will deliver up to 180,000 affordable homes if economic circumstances allow, and half of the homes in this new programme will be for Affordable and Social Rent, to help those in the greatest need, with 10% of delivery used to increase the supply of much needed specialist or supported housing.