Housing starts delivered with support from the publicly funded Homes & Communities Agency (HCA) plummeted between April 2010 and April 2011.
The most recent figures published by HCA, show that there were 19,967 housing starts delivered through programmes managed by the agency in the financial year 2011/12; 65% fewer than the previous financial year when there were 57,648 starts.
To a certain extent the delivery of housing starts was affected by the closure of Labour’s National Affordable Housing Programme, the Local Authority New Build Programme and the Kickstart Programme.
The coalition government’s new Affordable Homes programme – which includes the Affordable Rent mechanism that allows housing associations to charge new tenants up to 80 per cent of market rents – only commenced delivery of housing starts on site in the second half of 2011/12.
However in 2011/12, there was a total of 59,451 housing completions against a target of 41,000 but this was also down 7.4 per cent on the previous financial year, when there were 64,227 completions.
ECONOMIC PARTNERSHIP COMMENT
To meet demand the UK needs to build about 100,000 new affordable homes every year. The coalition government is confident that it can build 175,000 before the end of this parliament but that is considerably short of the 500,000 that are required.
In Brighton & Hove the problem is one of the greatest challenges the city faces. We will never have a balanced housing market [the city is too small and constrained] so it is important that we work with our neighbours to discuss both housing and workspace.
To this end, the Economic Partnership has invited Burgess Hill Town Council to join the Partnership which already has representation from Lewes District Council and Shoreham.
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