NFB: We need homes now, not promises in four years

The NFB welcomes £2bn of extra funding, but housing associations should not have to wait until 2022 for it to become accessible.

Prime Minister Theresa May will tell the National Housing Federation (NHF) that £2 billion of new cash will be available for housing associations from 2022 to build and manage tens of thousands of properties.

The prime minister will also tell the NHF that social housing is not the tenure for second class citizens and that housing associations have the tools to build homes and take on major developments themselves, rather than acquiring a proportion of properties that commercial developers build.

The Labour Party has said that the promises fall short and that, if the Conservatives are serious about fixing the housing crisis, they should back Labour plans to build a million genuinely affordable homes.

The National Federation of Builders (NFB) welcomes the extra funding, but thinks that the country cannot afford to wait until 2022. In addition, the NFB is sceptical that the language used focuses on major developments but not the broken planning process.

Housing associations play a key role in diversifying the housing market, as well as delivering a wide range of sites. However, typically partnering with small and medium sized builders (SMEs), they experience many of the same barriers to building that the non-volume sector faces.

It is therefore frustrating to notice the lack of reference to the inefficient planning and plan-making process, affecting the major developments that the prime minister would like registered providers to deliver.

Richard Beresford, chief executive of the NFB, said: “NHBC Foundation research identified that 40% of small builders build for housing associations because the supply barriers SMEs face are also encountered by registered social landlords. We are disappointed to see that both the Government and the opposition avoid discussing the elephant in the room: the broken planning process”

“Extra funding for £2 billion is extremely welcome, but it will not be accessible until 2022, it will not fix the inefficient planning process and does little to dispel the negative myths around social housing.”

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Breaking News

Don’t Put The Property Market On Pause

What Estate Agents actually want from the Budget Estate Agents are looking to the looming Budget for something that has been in short supply across the property market in recent years – certainty. That was one of the clearest messages to come out of iamproperty’s recent roundtable attended by agents from across the UK. The…
Read More →
Breaking News

Before You Sign: 10 Things Home Movers Wish They Knew

Almost three quarters of home movers wish they knew more before making or accepting an offer as property professionals call for reform Almost three quarters (73%) of people who have recently bought or sold a home wish they had known more about the property or its location before making or accepting an offer, according to…
Read More →
Breaking News

Property expert warns homeowners to lock in amid mortgage rates uncertainty

With mortgage rates fluctuating and threatening to rise, homeowners hoping for cheaper borrowing in 2027 are being warned against delaying their mortgage plans if they’re anticipating lower rates According to Moneyfacts, the average five-year fixed mortgage rate has now reached 6% in October, the highest level in around three years, while the average two-year fixed…
Read More →
mycelium growth
Breaking News

Damp and mould online searches rise by 34%

The latest research from Inventory Base shows that search interest in damp and mould has increased by 34.2% in the latest two-month comparison, while searches for damp have risen by 29.1% and mould by 16.8%. The analysis of Google search interest trends* found that searches for “damp and mould” rose from an average search interest…
Read More →
Rightmove logo
Breaking News

Nearly two-thirds of movers want homes that generate their own energy

Neary two-thirds of movers (63%) want their home to generate most or all of its own energy More than half, 53%, say recent energy-price rises have increased their interest in solar panels and home battery storage Just 8% would prefer to remain fully reliant on the grid Since 2022, mentions of heat pumps in newly…
Read More →
Breaking News

Renters’ Rights Act: A review of the first six months

Ahead of the Renters’ Rights Act (RRA) coming into force on May 1st, there were many concerns across the industry. Landlords were probably most worried about the removal of section 21 and fixed-term tenancies, fearing it would be harder and take longer to remove troublesome tenants and regain possession of their properties. Widespread predictions were…
Read More →