Ellie Ames 19 June 2024

Questions raised over funding for housebuilding pledges

Questions raised over funding for housebuilding pledges image
Image: Ceri Breeze / Shutterstock.com

A think-tank has warned that a lack of cash for affordable housing will make political parties’ ambitious housebuilding targets difficult to achieve.

Labour has pledged to deliver 1.5m homes in England by 2029 and the Tories have committed to 1.6m in the same period.

But the Resolution Foundation said the lack of new funding for affordable housing would make it ‘extremely challenging’ for either of the main parties to get ‘remotely close’ to their targets.

The think-tank warned of pitfalls if affordable housing delivery is left to private developers, arguing that they are often accused of negotiating down their obligations.

The foundation also raised concerns that neither manifesto pledged to permanently link Local Housing Allowance to local rents.

Senior Resolution Foundation economist Cara Pacitti said she welcomed the new policy consensus on the need to increase housebuilding.

She added: ‘But whoever wins the next election will struggle to hit these stretching targets without significantly more funding in place to boost affordable house building, and to support low-income families with rising rents.

‘Britain’s new housing consensus desperately needs new cash for it to deliver.’

SIGN UP
For your free daily news bulletin
Highways jobs

Technician - Maintenance

Essex County Council
£31001.0000 - £36471.0000 per annum
Essex Highways is responsible for managing and maintaining one of the largest highway networks in the country
Recuriter: Essex County Council

Repairs Co-Ordinator

The Royal Borough of Kensington & Chelsea Council
Negotiable
Be the heart of our community - help us keep homes safe, warm and well-maintained.At the Royal Borough of Kensington and Chelsea (RBKC), we believe th England, London
Recuriter: The Royal Borough of Kensington & Chelsea Council

Museums Operations Manager

Sandwell Metropolitan Borough Council
Band F, SCP26 - 31 (£36,124 - £40,476) per annum
Sandwell Museums is looking for an experienced and motivated Operations Manager Sandwell, West Midlands
Recuriter: Sandwell Metropolitan Borough Council

Regulation and Compliance Assistant - WMF2056e

Westmorland and Furness Council
£31,067 - £31,586 pro rata
This is an exciting opportunity for you to join the Licensing Team within Westmorland and Furness Council Penrith, Cumbria
Recuriter: Westmorland and Furness Council

Community Finance Officer - WMF2059e

Westmorland and Furness Council
£33,366 - £34,314
You will be working in a busy operational finance service Barrow in Furness, Cumbria
Recuriter: Westmorland and Furness Council
Linkedin Banner