Affordable Housing Commission Calls For £1.3bn Fund To Convert Private Homes To Social Housing

 Housing leaders are calling on the government to establish a £1.3bn ‘national housing conversion fund’ to enable social landlords to buy up private housing amid warnings of a housing market downturn. The Affordable Housing Commission said that such a fund could deliver 42,500 new affordable homes and 9,300 new jobs. It argued the fund could mitigate an anticipated downturn in the housing market and would be a cost-effective way to help tenants and increase the provision of social housing. Similar schemes have been introduced during past recessions, for example in the early 1990s through the Conservative government’s Housing Market Package. Read more on Inside Housing.

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