Friday, 1 August 2014

Losing Social Homes Means We Are Storing Up Trouble

Our analysis has revealed that England lost almost 35,000 social homes in a year. Although we still only have figures up to March 2013, in that year there was a net loss of nearly 35,000 social-rented homes in England. This is almost certainly the first time in a decade that we’ve actually seen a downturn in numbers of social lettings. How has this come about? Output of new homes was over 32,000 in that year, but of course even in 2012/13 many of these were built to be let at higher Affordable Rents. Right to buy and other losses of council-owned stock amounted to over 7,000 units, and a significant number of housing association properties that fell vacant were converted to Affordable Rents to boost associations’ incomes. Read more on the CIH website.

No comments: