Government must invest in building new social homes, say MPs

The cross-party Levelling Up, Housing and Communities (LUHC) Committee report  (May 8th) calls on the Government to:

• invest to build the social homes;
• conduct an early assessment of the adequacy of grant funding allocations and how much social rent is to be supported;
• use land value capture as a tool to support social housing;
• provide social housing providers exactly the same access to funds for building safety remediation as private sector landlords;
• give greater weight to the positive benefits of regeneration so more funding can be made available for regeneration;
• where registered providers face more financial risk, we recommend that the Regulator should engage with them more regularly.

The government have 2 months to respond.
Full report – The Finances and Sustainability of the Social Housing Sector here