£2bn new money for social housing – is it a story?

By Steve Douglas2018-09-20T09:06:00

Those in the room for Prime Minister Theresa May’s social housing announcement applauded, but those outside gave it short shrift - is this policy enough to deliver what’s required?

When a Prime Minister rocks up at a social housing conference, it’s an event worthy of note. When it’s just prior to heading to Salzburg and another battle over Brexit, it’s eye-catching. When you know that it’s unprecedented, it’s pretty jaw-dropping. But as with Mrs May’s positions on many of her policies, it is also extremely polarising.

Those in the room at the National Housing Federation Summit gave her a standing ovation. Those outside largely gave short shrift to the announcement of the £2 billion for social housing, which doesn’t come into place until 2022 and at today’s values might deliver only about 5,000 or so new homes.

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