Our policy priorities
We need a policy environment that supports the delivery of more genuinely affordable homes and helps to create better communities for our residents. We’re open about what we need from partners and policymakers to achieve these aims.
Building more genuinely affordable homes
We want to increase the number of homes we build and the proportion of these that are truly affordable. We will work in strategic partnerships with central government, councils and private developers to help increase and sustain delivery – with a focus on homes for social rent.
We support a comprehensive review of social and affordable rent policy that recognises the severe impact of the housing crisis on low and middle-income earners.
A new long-term funding settlement
Despite recent funding commitments, we still receive significantly less grant per home than we did 10 years ago, and government funding usually only covers around one fifth of the cost of building a home. This constrains the number of affordable homes we can build, and we therefore rely on income from home sales and borrowing. But this too has limits.
We need a new, long-term funding settlement with higher grant rates per home. This should include longer term certainty on rent levels. We’re working with City Hall to examine the funding required to deliver a step change in the affordable homes built in London, and will continue to make the case for more investment that is committed further into the future.
Access to land
Affordable housing requires affordable land. We therefore support the release of public land for development to help us start 180,000 homes by 2025.
G15 members are encouraged by the strategic objectives of Homes England and the Government’s efforts to release more land for development. We believe the importance of affordable housing should be given greater consideration as part of the land disposal process.
Our response to the Social Housing Green Paper has been submitted to the Government and can be viewed here.