The ongoing recession in the UK has exposed the critical state of the housing market. The collapse in lending and in house prices has led to a severe drop in private housing supply and poses serious challenges for the housebuilding industry.
We believe the opportunity exists to provide additional social housing and thereby stem the loss of further construction industry jobs, skills and housebuilding capacity. We propose investing significant additional money in building 100,000 new social rented homes over the next two years.
Based on National Housing Federation projections, an additional investment of £6.35 billion over the next two years would build these 100,000 new social rented homes; 20,000 on top of the original Government target.
Please email your MP to ask them to write to the Government to call on them to commit to this investment in the next Budget. Fill out the form below and register your support.