Mayor warns ministers are exacerbating national housing downturn by failing to invest in new social housing - News Summed Up

Mayor warns ministers are exacerbating national housing downturn by failing to invest in new social housing


In London, Sadiq has hit every affordable housing target set by the Government, and has boosted council homebuilding to the highest level since the 1970s. Industry experts, Savills are warning that housing completions could fall to just 160,000 next year across the entire country and say more affordable housing is critically important (2). “With a crisis of this magnitude we need more housing of all types, but the most acute need is for affordable, preferably social housing. “As the largest providers of affordable housing in the capital, G15 members very much welcome any initiatives that will boost supply. Every £1 invested in social housing delivers at least £2.70 in economic benefits, supporting long-term growth and underpinning local jobs, skills and supply chains.”


Source: The Guardian May 14, 2024 07:49 UTC



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