More than 150,000 of the most affordable rented homes have been lost across England in just 5 years according to the CIH.

February 1, 2018

New analysis from the Chartered Institute of Housing (CIH) reveals that more than 150,000 of the most affordable rented homes have been lost across England in just 5 years.

CIH states: Based on current trends, CIH is projecting that 230,000 homes for social rent will have been lost between 2012 and 2020 – 158,642 council homes and 70,972 housing association homes.

Chief executive Terrie Alafat said: “For many people on lower incomes, the only truly affordable option is social rent. It is simply unacceptable that we are losing so many of our most affordable homes at a time when more and more people are in need.

“We need to increase the number of homes we are building but it’s not just a numbers game – we need to make sure we are building the right homes, in the right places, and that people can afford them.

“The Prime Minister is absolutely right to make housing a priority, and some of the things the government is doing will help.

“But government investment is still heavily skewed towards the private market. Our analysis shows that 79 per cent of the housing budget up to 2020/21 is directed towards private housing, with just 21 per cent going to affordable housing. Rebalancing this budget, so that more money is spent on affordable homes, could make a big difference.”

Read the news article from the CIH 31st January 2018 in full click here.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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