Select committee: Housing, Communities and Local Government Committee
Conclusion 14
3rd Report: Building more social housing
Published 27 Jul 2020
Paragraph 91
Addressed to Ministry of Housing, Communities and Local Government
Housing, Communities and Local Government Committee Long-term delivery of social and affordable rented housing All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
The sector estimates that £12.8 billion a year in grant funding will be needed to deliver 90,000 social rent homes every year, alongside continued support for affordable rent and shared ownership. Central government grant funding is necessary because the current funding model is not delivering the numbers required to meet demand. The removal of the borrowing cap for local authorities will contribute only a small percentage of what is needed. This is around a £10 billion increase on current future funding for affordable housing.
From: Housing, Communities and Local Government Committee, 3rd Report: Building more social housing (HC 173), paragraph 91, 27 July 2020
Government response
The government responded to the whole report on 14 October 2020 (deadline 27 September 2020).