The government is launching the £39bn Social and Affordable Homes Programme to build 300,000 homes over the next ten years, targeting 180,000 for social rent. London will receive up to £11.7bn of this funding, amidst a severe housing crisis where one in 49 residents live in temporary accommodation. However, there are worries about hitting these targets due to labor and material shortages, and a significant drop in affordable housing construction—66% less over the last two years. G15 warns of an urgent need for solutions, highlighting a decline in new builds in the capital.
The government aims to build 300,000 homes in the next 10 years through the £39bn Social and Affordable Homes Programme, with 60% designated for social rent.
Concerns have risen over whether the government can meet its housing targets due to industry shortages, reflecting a 66% drop in affordable homes built in London.
The G15 group representing major housing associations reported a decline from 13,744 new builds to just 4,708 over two years, urging swift action against the housing crisis.
Centre for London identified the capital as the epicentre of the housing crisis, noting that it houses 50% of England's temporary accommodation population.
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