New Report - Government Must Invest in Building New Social Homes to Tackle Chronic Housing Shortage, Say MPs

Wednesday 8th of May 2024

The range of financial pressures facing social housing providers has resulted in the building of less social housing and exacerbated a chronic social housing shortage in England, says the cross-party Levelling Up, Housing and Communities (LUHC) Committee in a report published today (Wednesday).

The Finances and Sustainability of the Social Housing Sector report finds that, at a time when the country has a serious shortage of social housing, competing financial pressures are causing social housing providers to cut the amount they spend on building new homes. Most of the grant available is to build affordable rent and shared ownership homes, where residents pay more, and not the social rent homes that have the lowest rents.

You can read more about the report and findings here on the UK Parliament website.