All the main parties have now published their manifestos for the forthcoming election – but what do each say specifically about their plans to address the nation’s need for more social housing?
What are the Conservatives’ plans?
- The Conservatives commit to work with “ambitious, pro-development, local authorities to help them build more social housing.” This includes building new fixed-term social houses, which will be sold privately after ten to fifteen years with an automatic Right to Buy for tenants, the proceeds of which will be recycled into further homes.
- They also undertake to give greater flexibility to housing associations to increase their housing stock, and to work with private and public sector house builders to capture the increase in land value created when they build to reinvest in local infrastructure, essential services and further housing.
- The Conservatives say they will support specialist housing where it is needed, like multigenerational homes and housing for older people, including by helping housing associations increase their specialist housing stock.
What are Labour’s plans?
- Labour says, “By the end of the next Parliament we will be building at least 100,000 council and housing association homes a year for genuinely affordable rent or sale. We will build thousands more low-cost homes reserved for first-time buyers”.
- The party says, “We will make the building of new homes, including council homes, a priority through our National Transformation Fund, as part of a joined-up industrial and skills strategy that ensures a vibrant construction sector with a skilled workforce and rights at work”.
- Labour commits on a like-for-like basis to require council to replace affordable homes sold under right-to-buy schemes.
What are the LibDems’ plans?
- The LibDems will end the Voluntary Right to Buy pilots that sell off housing association homes and the associated high value asset levy.
- They will lift the borrowing cap on local authorities and increase the borrowing capacity of housing associations so they can build council and social housing.
For further information on each party’s pledges and principles please see separate posts for:
By LABC Warranty