Labour plans 100,000 homes a year
Labour will today unveil proposals to build a million “genuinely affordable” homes over a decade.
Jeremy Corbyn and John Healey, the shadow housing minister, will launch a 50-point green paper on housing, which set out plans to offer central government grants worth £4bn a year for affordable homes.
The Guardian reports that a Labour government would rip up the government’s definition of affordable housing and instead bring in a measure linked to people’s incomes.
Labour will today unveil proposals to build a million “genuinely affordable” homes over a decade.
Jeremy Corbyn and John Healey, the shadow housing minister, will launch a 50-point green paper on housing, which set out plans to offer central government grants worth £4bn a year for affordable homes.
The Guardian reports that a Labour government would rip up the government’s definition of affordable housing and instead bring in a measure linked to people’s incomes.
A report, Housing for the Many, accuses ministers of stretching the term affordable to breaking point to include homes let at up to 80% of market rents – more than £1,500 a month in some areas – and homes for sale up to £450,000.
“It has become a deliberately malleable phrase, used to cover up a shift in government policy towards increasingly expensive and insecure homes,” it says.
According to the FT, Labour would lift borrowing caps for all local councils to build new homes as part of the 50-point housing plan.
Under the plan, the opposition party would also scrap the Conservative government’s contentious policy of defining “affordable rent” as properties rented out at 80% of the market rate.
Click here for the full Times article (£)
Click here for the full Guardian article
Click here for the full FT article (£)
