Responding to Chancellor Gordon Brown's Pre-Budget Report, David Orr, chief executive, National Housing Federation, said on new housing and shared equity schemes: "The Chancellor has signalled his intention to increase the supply of much needed affordable housing. Now he must act. "With 1.5 million people on housing waiting lists, the Government must increase investment in affordable rented homes as well as shared equity schemes. "Shared equity schemes alone will not end the housing misery of millions of people on moderate and low incomes. "The National Housing Federation is calling for 150,000 new affordable rented homes and 60,000 new low cost ownership homes in the Comprehensive Spending Review 2007."

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