Magazine article Public Finance

Housing Sector Welcomes Growth in Building

Magazine article Public Finance

Housing Sector Welcomes Growth in Building

Article excerpt

Government plans to increase house building over the next decade have received a cautious welcome from social landlords and developers.

Three million new homes were this week promised by Gordon Brown by 2020 - up 250,000 on current targets. In England, annual house building should rise to 240,000 by 2016 (up from an original target of 200,000).

In his speech to the House of Commons on July 11, Prime Minister Gordon Brown pledged that green belts would be protected and brownfield sites, including surplus public sector land, used where possible. But he declined to state what proportion of the total built would be affordable housing.

The National Housing Federation repeated its call for 70,000 homes for rent and low-cost ownership to be built each year - nearly double current targets. Any less than this will represent a failure of ambition on the part of the government,' said David Orr, the federation's chief executive. …

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