Af­ford­able home fund­ing ‘can’t be cut’

Kentish Gazette Canterbury & District - East Kent Property - - Front Page -

Agroup of 21 lead­ing af­ford­able hous­ing providers has writ­ten to the new Hous­ing Min­is­ter, Grant Shapps, urg­ing him to avoid cut­ting back af­ford­able home own­er­ship prog rammes. The 21 hous­ing as­so­ci­a­tions ar­gue that new hous­ing is in such short sup­ply that the govern­ment must con­tinue to fund strong prog rammes of shared own­er­ship hous­ing (also known as New Build HomeBuy). Last year just 118,000 new homes were built in Eng­land, but new house­holds are form­ing at an av­er­age of 252,000 a year – more than dou­ble the sup­ply fig­ure. In the South East only 7,651 new af­ford­able homes were fin­ished, de­spite over 203,161 house­holds be­ing on the so­cial hous­ing wait­ing list. Brian John­son, chief ex­ec­u­tive of Moat, said: “Al­though the pub­lic fi­nance sit­u­a­tion is ob­vi­ously very tough, we have to find ways to keep build­ing as many new af­ford­able homes as we pos­si­bly can. We have to bear in mind the longer-term con­se­quences of fail­ing to build enough homes. If we cut house­build­ing it will just mean higher and higher house prices and less so­cial hous­ing for the grow­ing num­ber of peo­ple who can­not af­ford to buy in the open mar­ket. “More shared own­er­ship homes means more peo­ple able to ac­cess the first step on the hous­ing lad­der and fewer peo­ple re­liant on a so­cial hous­ing sec­tor that is strug­gling to deal with de­mand. “Main­tain­ing new hous­ing sup­ply is vi­tal for our econ­omy and vi­tal for our so­ci­ety.” OLD POST OF­FICE MEWS, HYTHE Price: £2750,000 Ac­com­mo­da­tion: two stud­ies and util­ity room on the ground floor; kitchen, din­ing room and liv­ing room, and en suite mas­ter bed­room, sec­ond bed­room and fam­ily bath­room on the sec­ond. Info: At­trac­tive low main­te­nance gar­den mainly paved with ad­di­tional deck­ing sec­tion di­rectly out­side the liv­ing room. The agents will pay £5,000 to­wards stamp duty. Con­tact: Fell Reynolds on 01303 266422.

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