Covid-19: Housing

Baroness Prashar Excerpts
Monday 18th May 2020

(4 years, 7 months ago)

Lords Chamber
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Lord Greenhalgh Portrait Lord Greenhalgh
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The noble Baroness makes an important point. We need to remember that we need housing of all types, including that for last-time buyers. Countries such as Germany have invested heavily in retirement homes, and we need to ensure that that is part of our plans in future. I thank the noble Baroness for her question.

Baroness Prashar Portrait Baroness Prashar (CB)
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My Lords, the Statement talks about homes of all types and tenures but says very little about the affordable housing market. How will the Government ensure that the affordable housing market will sustain itself in the face of continuing hardship?

Lord Greenhalgh Portrait Lord Greenhalgh
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The Government have set aside an extraordinary, unprecedented level of funding of £12.5 billion, compared to £9 billion in the previous financial settlement, for affordable homes. In working with our partners, and social landlords, we recognise that there needs to be a commitment to such homes over the next five years, and the money is there to do precisely that.