Housing: Social and Affordable Rents Debate
Full Debate: Read Full DebateLord Richard
Main Page: Lord Richard (Labour - Life peer)Department Debates - View all Lord Richard's debates with the Northern Ireland Office
(6 years, 11 months ago)
Lords ChamberMy Lords, my noble friend will be aware that the recent housing White Paper sets out many of the things that we are doing. In addition to the affordable homes programme to which I referred, there is a housing infrastructure fund of £2.3 billion, new town development corporations delivering garden towns, and a land release fund that was launched in August 2017—just last month. Increased planning fees are coming on stream, which will help, and we are doing bespoke housing deals as well.
My Lords, the noble Lord raises an interesting point. Affordable housing is at about 80% of market rates. That is the rough assessment.