We welcome flexibilities in the Autumn Statement

We welcome flexibilities in the Autumn Statement

25 November 2016

 

 

 

 

The Housing Forum has welcomed housing announcements in the Autumn Statement.

 

The Housing Forum is the only cross-sector, industry-wide membership and policy network that represents the entire housing supply chain on behalf of the housing industry.

 

Shelagh Grant, Chief Executive of The Housing Forum, said:

 

“The Housing Forum welcomes the Government’s announcement of measures to boost housing supply and increase flexibility. The £2.3bn infrastructure funding for 100,000 homes in high demand areas is targeted funding where it is most needed. The £1.4bn fund for 40,000 extra affordable homes gives flexibility and a wider choice in housing to cover a range of needs. This flexible approach should stimulate faster delivery and support local markets.

 

Overall, of the £7.2 bn support for housing measures, £3.15bn will be for Greater London, recognising the unique housing challenge in London and the South East.  We are looking forward to working with our members the GLA to bring forward a step change in growth.

 

Housing Forum members are committed to solving the housing crisis and throughout 2016, our Working Groups have called for Government to take a long term view of housing supply across all tenures and for policy to work with the market.

 

The statement signals the bringing together of housing and infrastructure funding which should offer the opportunity to build efficient homes of quality which can be close to work and transport.

 

Widening tenure flexibility to include affordable rent and rent to buy will benefit more households and as housing associations in particular build more leasehold stock, long term management has to be effective. The Housing Forum is shortly to launch a new guide to Sustainable Leasehold and Long Term Asset Management to support the sector.”

 

Download the press release here.

 

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