News from the Chartered Institute of Housing. Below are just a couple of extracts taken directly from the article on the CIH website. To read the whole article go here:
More than 165,000 homes for social rent lost in just six years, new analysis reveals
More than 165,000 of the most affordable rented homes have been lost across England in just six years, according to new analysis from the Chartered Institute of Housing (CIH).
The organisation is predicting that loss will reach 199,000 by 2020 – making it increasingly difficult for people on lower incomes to access a decent home at a price they can afford.
Funding for social rent, which tends to be around 30-40 per cent cheaper than market rent, was cut by the coalition government in 2010. Since then, funding has been targeted towards homes for ‘affordable rent’, which can be up to 80 per cent of market rents….
….Figures from the Ministry of Housing, Communities and Local Government and Homes England show that 117,828 local authority homes and 47,869 housing association homes for social rent were lost between 2012 and 2018….. because of right to buy sales and properties being converted to ‘affordable rent’ or demolished.
Based on current trends, CIH is projecting that 199,000 homes for social rent will have been lost between 2012 and 2020 – 140,828 council homes and 57,869 housing association homes.
For the whole article, click on the link above.