Government pledge welcome but new homes of all kinds key
CIH welcomes the government's announcement that there will be a package of investment to build new houses but stresses making sure homes of all types are built will be crucial to meet demand.
Gavin Smart, deputy chief executive of the Chartered Institute of Housing, said:
“The government’s announcement that it will invest a substantial amount of money in new housing is very welcome.
“It is encouraging to see both the Chancellor and the Secretary of State for Communities and Local Government recognise that we need to build far more homes to meet housing need.
“The key now will be in the detail and the biggest challenge will be making sure that the investment supports new, affordable homes of all types.
“Though boosting home ownership is something we support, many people are unable to get onto the property market and are left with no option but to rent in the private sector.
“We need more homes for rent and sale that people of all incomes can afford and it is crucial the government ensures that this extra investment, and the new momentum created by it, achieve this.”