We’ve published a report with Savills that shows that additional grant funding for affordable housing is needed if the Government is to meet its target for the delivery of new homes.
16 April 2019
The Goverment's target of building 300,000 homes a year will not be met without more investment for affordable housing and a reduction in the over-reliance on private sales, according to Savills' research.
The report shows that the housing shortfall will be worsened by a slowing private market, tapering of the Help to Buy scheme and a potential Brexit downturn. Providing more funding to housing associations so they can deliver more affordable homes would help to alleviate this.
The research also found that Government investment in affordable housing has fallen from 50% of the cost of building a home before the financial crash, to just 12% today. Increased funding would add to, and not displace, existing investment from the private sector.