William Eichler 16 September 2021

Build 250,000 homes for key workers, think tank says

Build 250,000 homes for key workers, think tank says image

Local plans should ensure that land is set aside to build 50,000 homes a year to help key workers access secure housing, think tank says.

The Centre for Policy Studies (CPS) has proposed building 250,000 homes for key workers to repay those who were on the COVID front line.

Called ‘Homes for Heroes’, this new type of housing – akin to student housing – would provide secure rental and a pathway to low-cost home ownership.

The think tank recommends that land be set aside under local plans to support the construction of 250,000 such homes – or 50,000 per year across the five-year land supply that the Government is aiming for.

The CPS argues that this can be done at no cost to the public purse by enabling Homes for Heroes to benefit from the £5bn in unallocated housing guarantees that the Government is already committed to.

Such an approach would be attractive for pension funds and other long-term investors, the think tanks says, ensuring more investment in housebuilding and a more stable market.

‘Homes for Heroes can deliver a path to home ownership that is substantially cheaper than renting or other schemes to promote home ownership,’ said Alex Morton, the report’s author and CPS Head of Policy.

‘This financially sustainable model of new housing delivery can be done without any upfront cost to Government while providing a sufficient return for investors and a reasonable price to house builders.

‘If these policies are pursued, we could see the first Homes for Heroes delivered very rapidly with more in the pipeline – a clear thank you for the key workers who put so much on the line during the recent pandemic. This would deliver the Government’s goals of more home ownership, greater supply and a better-quality housing sector, and provide a model for future housing development.’

SIGN UP
For your free daily news bulletin
Highways jobs

Social Worker

Sandwell Metropolitan Borough Council
£30,451 - £34,728 per annum
We are looking for a Social Worker for a fixed-term 12 month contract to cover maternity. Sandwell, West Midlands
Recuriter: Sandwell Metropolitan Borough Council

Governance Officer

Telford & Wrekin Council
£22,627 to £24,491
For further information on the role please click. Telford, Shropshire
Recuriter: Telford & Wrekin Council

Team Manager Family Connect

Telford & Wrekin Council
£45.859 to £48.841 per annum
We're looking for an enthusiastic, highly motivated and experienced Team Manager with substantial experience.  Telford, Shropshire
Recuriter: Telford & Wrekin Council

Experienced Children's Senior Social Worker - Assessment /Family Safeguarding

Telford & Wrekin Council
£38,890 - £41,881 per annum
As one of our Senior Social Workers we will support you to develop your skills and knowledge when working with families using a restorative approach. Telford, Shropshire
Recuriter: Telford & Wrekin Council

Senior Social Worker

Telford & Wrekin Council
£38,890 - £41,881 per annum
This is an exciting time for Telford and Wrekin’s Children’s Social Care as we move forward on our Transformation Journey.   Telford, Shropshire
Recuriter: Telford & Wrekin Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue