Published: 2nd Nov 2016

Benefit cap undermines the government’s housebuilding plans, says deputy chief executive of the Chartered Institute of Housing, Gavin Smart It has been a promising couple of months for housing but the government must be careful its bold ambitions to tackle our housing crisis are not undermined by its own policies. The housing minister, the communities secretary, the chancellor and the prime minister have all spoken of the government’s commitment to build more homes that people can afford. The most obvious issue is, of course, supply. We need to build 250,000 new homes every year to meet newly emerging and existing unmet housing demand; in 2014/15 we built just 170,000. Affordability is also a major issue. In recent years government funding has been diverted away from low-cost renting and towards the private market and home ownership. Just 4% of the £45bn dedicated to housing is intended to be spent on below-market … (To read the full article, subscribe below)