Published: 15th Apr 2019

The government will not meet its 300,000 homes a year target unless it increases funding for affordable housing, according to a new report published by the National Housing Federation, the G15 and Homes for the North. The report, produced by Savills, says that a slowing private market, weakening of the Help to Buy scheme and a potential Brexit downturn will deepen the housing shortfall and that directly funding housing associations will be critical to delivering more affordable homes. While new home completions look set to reach 260,000 homes per year by 2021, the report shows that longer-term delivery remains decidedly uncertain. The report argues that housebuilding in England may need to increase by up to a third between 2021 and 2025 to make up for the end of the current Help to Buy scheme and hit 300,000 homes a year. The research also claims that increased government funding for affordable … (To read the full article, subscribe below)