CIH responds to latest affordable housing statistics for England
Responding to figures released today on the number of affordable housing starts and completions funded by the Homes and Communities Agency and the Greater London Authority in England in 2016/17, CIH head of policy Melanie Rees said: "While it is encouraging to see an increase in the number of affordable homes both started and completed, the drop in the number of homes for social rents completed in 2016/17 is deeply concerning. For many people affordable rents are still out of reach and social rents remain the only truly affordable homes.
"Our forecasting has suggested we will lose 250,000 homes for social rent between 2012 and 2020 and these figures would appear to back that up. This comes at a time when we need more, not fewer of the cheapest rented homes.
"We believe more investment is urgently needed in genuinely affordable homes to rent. One of the new government’s priorities should be rebalancing the housing budget – affordable housing currently accounts for just 16 per cent of total direct investment."