Theresa May announces £2bn for council homes expansion
Moving away from all the political controversy over this story – surely an increasing the supply of affordable housing, which we hope will be in rural as well as urban places is something to be welcomed – this story tells us:
Councils and housing associations have welcomed government plans to spend £2bn on a “new generation” of council houses and affordable homes for rent.
In her conference speech, Theresa May pledged to dedicate her premiership to fixing the “broken” housing market.
The state, she said, must get “back in the business” of building subsidised rented homes for those not able to buy.
Labour and housing charities said the plan would only help a fraction of the 1.2 million families awaiting housing.
The government said the £2bn injection could fund 25,000 homes for social rent by 2021 although the National Housing Federation said the figure could rise to between 50,000 and 60,000 if the government’s intervention unlocked, as it is hoped, a further £3bn in public and private investment.