Affordable Housing Development – how serious is the crisis?
The issue of affordable housing availability in Britain is a hotly debated topic, passionately discussed from the Houses of Parliament to our kitchens.
This shortage of affordable housing is nothing new. According to Shelter, by 2008, the number of affordable homes being developed had fallen to its lowest peacetime level since 1924.1
Change might be on the horizon, however, thanks to the National Planning Policy Framework (NPPF) which was set out by Theresa May earlier this March2. The NPPF aims to reinforce the Government’s ambitious plan to build 300,000 new homes a year, with 10% of homes on major sites available for affordable housing ownership.2
The spotlight now appears to be shifting towards affordable housing, but it remains to be seen how this will ultimately affect the housing market. Both major political parties agree that greater resources must be placed on delivering a higher level of both quality and affordable housing, with the hope that this will enable more people to step onto the housing ladder.