![]() ![]() With previous research for the LGA and partners showing that investment in a new generation of social housing could return £320 billion to the nation over 50 years, the arguments for investment in social housing as an economic stimulus will grow stronger in a post COVID-19 world.Įvery new social home would generate a fiscal surplus through rental income. It is therefore imperative as part of the response to the pandemic that Government considers what steps, measures and reforms would support councils to work towards delivering a new generation of 100,000 high quality social homes per year. However, planning for the “new normal” provides a unique opportunity for the sector to release its potential to do much more. This report outlines a package of measures that will enable them to do exactly that.Ĭouncils already play a vital role in housing supply as planning and housing authorities, as partners with house builders and registered providers, as direct builders, as providers of homes for the most vulnerable and as local place leaders. Councils want to play their full part in ensuring a generational step-change in the supply of these homes, in order to meet the housing needs of people in different circumstances and at different stages of their lives. The COVID-19 response by key workers provides a powerful call to action to redouble efforts to scale-up supply of low-cost homes to rent and to buy, right across the country. Housing investment from all sources has an important part to play in a shared local and central government ambition to stimulate economic growth. Through sustained government intervention with both private enterprise and Registered Providers (RPs), overall housing supply has been on an upward trajectory over recent years. There is no doubt that this could serve to dramatically impede the provision of an increased and improved housing supply, which is of such high priority in the UK. Those that are open will likely suffer delays from a number of contributing factors including labour shortage, safety concerns, supply chain issues and prolonged uncertainty.
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