Affordable Housebuilding Up 12%

A total of 47,355 affordable homes were completed, including acquisitions, in the 12 months up to the 31 March 2018 – up from 41,530 in the previous year. Just 6,463 homes for social rent were completed – a 10% increase on 2016/17 but still the second lowest level on record. Most new affordable homes were for affordable rent, which can be set at up to 80% of market rents, as has been the case since 2013/14 after the Conservative-Liberal Democrat government introduced the product. There were 26,838 homes of this tenure delivered in 2017/18, 57% of the total affordable housing supply. Read more on Inside Housing.

https://www.insidehousing.co.uk/home/home/affordable-housebuilding-up-12-59219