(5 years, 4 months ago)
Lords ChamberTo ask Her Majesty’s Government what steps they are taking to increase the number of homes for social rent.
My Lords, a £9 billion affordable housing programme will support the delivery of at least 12,500 social rent homes in areas of high affordability pressure outside London. We are providing the Mayor of London with a £4.8 billion funding package and the flexibility to deliver social rent. The GLA is responsible for the delivery of affordable housing in London. In September 2018, we announced £2 billion of long-term funding for housing associations, supporting the delivery of additional affordable homes, including homes for social rent. Last week, we opened bidding on £1 billion of this funding through Homes England.
I thank the Minister for that reply but, according to independent research, we have a shortage of 3.91 million homes and need to build 340,000 homes per year until 2031—new homes, more quickly and to a more consistently high standard. What are the Government doing to incentivise innovation in the housing sector, and what support is being given to SMEs to challenge current housing issues, using volumetric technology in offsite manufacturing?
My Lords, the noble Lord is right about the challenges that we face. Just this morning I met Mark Farmer, who is heading up the committee that is looking at, and rolling out, modern methods of construction. We are making significant progress. An app has been developed specifically for London but it can be rolled out across the country with minor amendments, which is great news for us all. It covers design, climate change responsibilities and speedy delivery. The committee is making headway on bringing together the standards that we need so that money is advanced by lenders.