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Government Pledges Increase in Affordable Homes


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1 minute ago, Social Justice League said:

lol I always laugh when I see talk of "affordable housing".

Has the UK every had "affordable housing". 

 

Anyway, we're now just another banana republic, but we think we're world beaters....lol.

I'm ashamed to be from this sh1thole in 2020.

Tory government needs something to replace council houses that isn't council houses. Enter ultra low percentage shared ownership.

If I was that unhappy with the UK I would be going to live somewhere else.

 

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What if instead of being limited to weird schemes you just want to be able to buy a normal house in the open market like a normal person used to be able to? Tories not interested.

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46 minutes ago, Dorkins said:

What if instead of being limited to weird schemes you just want to be able to buy a normal house in the open market like a normal person used to be able to? Tories not interested.

LOL get rekt noob. Hpi forever, huzzah!! 

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So with an 80% mortgage, your typical first time "buyer" will only actually own 2% of the place.

Thinking about it further, considering they'll get security of tenure, it's almost worth considering as a disposable style of ownership -  just walk away from it when you want to move, or the cladding needs replacing, for example.

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13 hours ago, Dorkins said:

What if instead of being limited to weird schemes you just want to be able to buy a normal house in the open market like a normal person used to be able to? Tories not interested.

Yeah exactly.

The current times fell like the end of that post WWII experiment of promising everyone that they can all be rich and successful. 

 

The wheels have now came off that promise and have flown down the mountain side, so all we're left with in 2020 is a broken cart and 2 dead horses of a society that the halfwits in government keep trying to bring back to life.

 

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On 09/09/2020 at 21:28, Gigantic Purple Slug said:

They've been saying this for at least 10 years.  Boris said it as mayor and yet "

But the definition of affordable housing was broadened in 2011, with the inclusion of affordable-rent housing, so the figures are not directly comparable.

He also reduced the target for affordable housing in 2011 from an average of 23,300 a year to 13,200 a year."

He just changed the definition of affordable - old trick

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9 hours ago, MARTINX9 said:

So what exactly is wrong with owning  10% of a one bedroom flat?!!

Seriously? Have you not seen the national debt? The UK housing market requires govt subsidies amounting to hundreds of billions to maintain!

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A quarter of affordable homes must be MMC (methods of modern construction ) such as offsite and modular construction

https://www.housingtoday.co.uk/news/a-quarter-of-affordable-homes-must-be-mmc/5107883.article

Quote

Homes England to use deals signed under new £11.5bn Affordable Housing Programme to promote off-site build

Housing associations looking to sign lucrative “strategic partnership” deals with Homes England to build large numbers of affordable homes will have to commit to using modern methods of construction to build out at least 25% of their pipeline.

Housing secretary Robert Jenrick said he was making modern methods of construction (MMC) “central” to the government’s new affordable homes programme in order to deliver “better and more sustainable homes”.

Details of the government’s bidding criteria for the majority of its five-year £11.5bn affordable housebuilding programme (AHP), published yesterday, make clear that those getting the largest shares of government funding will have to commit to delivering government priorities such as MMC.

The details were set out in information aimed at those considering bidding for the £7.5bn share of the affordable homes programme which is to be spent outside London, and which is being administered by national housing quango Homes England.

The new bidding guidance said that all allocations of funding will place “significant focus on” investment in MMC techniques, such as offsite and modular construction, the promotion of which is one of Homes England’s key strategic priorities.

In addition, it said that multi-year “strategic partnership” deals, such as those previously signed with the likes of L&Q, Sovereign, Hyde and Home Group, will require the partners to adopt “at least 25% MMC” within their programme, as well as “use […] their expertise to help build capacity for development within the sector.”

Other priorities that bidders to the funding will be expected to prioritise are use of the National Design Guide, improving energy efficiency, and using SME contractors.

As announced by Robert Jenrick earlier this week, the bidding details confirmed that around half of the funding will be expected to go towards homes for affordable home ownership, with around half for discounted rent. The government will fund the cheapest “social rent” products in areas of “high affordability challenge”, but will only do so elsewhere if the grant required is no higher than necessary for more expensive rented homes.

In addition, the details make clear than 10% of the programme will go towards supported housing, and 10% of the programme will have to be directed to build homes in rural settlements of less than 3,000 people.

Addressing the Chartered Institute of Housing’s annual conference yesterday, Robert Jenrick said the focus on MMC was designed to deliver “better, and more sustainable” homes across the country. He said: “That’s why […] we’ve set a minimum target for the use of MMC in the programme, and we’re going to review that annually and increase it if market conditions allow.

“We want the UK to be a world leader in MMC, creating new jobs, better skills and faster delivery of homes.”

Housing associations wanting to bid for funding under the affordable homes programme will have two routes to do so – either individual applications for individual schemes, under Homes England’s Continuous Market Engagement programme, or signing up to a long-term Strategic Partnership.

Continuous Market Engagement will only continue for as long as funds remain available, and schemes must be completed by March 2026. However, under strategic partnerhips, housing associations have long term certainty over funding which can be flexibly deployed to schemes as they see fit, and two years longer to deliver the homes.

Under the last affordable homes programme, Homes England signed £1bn of strategic partnerships with providers, with individual deals running in excess of £100m.

All of these details only apply to Homes England’s programme outside of London. The government is still in discussion with London’s Labour mayor, Sadiq Khan about how the £4bn allocated for the capital over the next five years will be spent. Khan has previously campaigned for the government to provide almost £5bn in funding every year to meet the need for affordable homes in London.

 

Edited by Saving For a Space Ship
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It seems that this division of a building firm was looking at affordable housing and has decided there's not enough profit in it and the resources are better spent elsewhere, so the parent has folded it.  Goes to show the attitude to affordable housing.

https://news.commercialpeople.com/new-homebuilder-starfish-commercial-enters-liquidation-7825/

 

 

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