CIH responds to Theresa May's announcement of extra £2bn for affordable housing
Responding to Theresa May’s speech at the Conservative party conference today, Chartered Institute of Housing chief executive Terrie Alafat CBE said: "We have been calling on the government to invest more in genuinely affordable homes for rent so the Prime Minister’s announcement of an extra £2 billion for affordable housing is very welcome.
"As we have been saying for some time, social rents, which are significantly cheaper than market rents, are the only truly affordable option for many people on lower incomes, so the recognition that we need more of these homes is a vital step forward.
"It’s also encouraging to hear that Theresa May agrees councils have a central role to play in building the homes we need at prices people can afford.
"The details of exactly how these new homes will be funded and just how many will be for the lowest social rents will be crucial. The number of homes for social rent funded by the government collapsed from 36,000 to just over 1,000 between 2010/11 and 2016/17. Reversing this trend will be a significant task – how much of this new funding will be dedicated to building these kinds of homes?
"There is much to welcome in these announcements and they are certainly an important step in the right direction, but we still need to do more if we are to finally build the number of truly affordable homes we need."