The CBI’s new paper ‘All for Affordable’ calls on government to take four steps to secure the delivery of more affordable homes and support communities all around the country.
Affordable housing plays a critical role in the success of the economy. Not just as a significant part of government spending that creates jobs and training; high-quality, safe and sustainable homes increase the wellbeing of their tenants or owners, underpinning prosperous, vibrant communities in all regions of the country.
The government knows that the demand for affordable homes is growing, but solving the challenge matters just as much to businesses. Without communities of diverse housing, talented staff are harder to attract and harder to retain. If homes are also unaffordable relatively to local economies, businesses can find their workforce priced out of the areas in which they operate.
Coronavirus will bring new challenges to the affordability and availability of housing. Undoubtedly, there is an urgent need to prioritise delivery of more housing for affordable rent, social rent, and shared ownership. With many billions of existing spending commitments and promises to fund, the government now
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