Property News · November 22, 2016

Building affordable homes for rent is more vital than new roads


The chancellor needs to classify housing as an infrastructure project and boost its supply in the autumn statementThe outward manifestation of a housing crisis is right before our eyes, on a street near you, tucked anonymously in a doorway or lying on a park bench. Rough sleeping, according to the House of Commons library, has probably risen by 100% since 2010.The government’s own figures to the end of June show homelessness up by 10% in a year – 15,170 households at the last estimate – while another 73,000 languish in temporary accommodation, a rise of more than 50% in six years. The knock-on effect of the crisis hits home ownership, the cornerstone of the Thatcherite revolution, which is at its lowest level in 30 years. And that’s in spite of the hundreds of millions diverted by the Cameron-Osborne government into subsidising the mortgages of the privileged few who can afford a deposit, rather than the majority who are unable to get a foothold on the housing ladder, let alone find a property to rent. Continue reading…

Source : theguardian.com
Read more…Building affordable homes for rent is more vital than new roads

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