Funding remains a critical barrier to expanding social housing. Read more: https://lnkd.in/eJaXGwMv Post written by Frank Cartwright, Forbes Councils Member.
Forbes Finance Council’s Post
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Government must act to tackle the social housing shortage ⚠🏠 The Levelling Up, Housing and Communities Select Committee has published a report into how government can help to tackle the chronic housing shortage. This has led to a call for government to invest more in the social housing sector to ease those financial burdens and support the delivery of 90,000 new social rent homes a year. London Councils has also welcomed the report, highlighting how the nation’s capital is ‘grappling’ with the worst homelessness crisis in the country as more than 320,000 London households are on waiting lists for social housing. In a statement, London Councils said: “Without more government investment it is hard to see anything but a bleak future for social housing.” Read more👇👇 https://lnkd.in/d-P6Z2Cp Department for Levelling Up, Housing and Communities London Councils #Housing #LondonCouncils #Homelessness #SocialHousing #Government #Investment #CostofLiving
Government investment vital to tackling housing shortage | Public Sector Executive
publicsectorexecutive.com
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Director | Sheltered.com | Social Housing Investment Property Sales | Positive Impact Portfolio Building
3 Reasons Why YOU Should Invest in Social Housing... When investing with Sheltered, you can get your hands on fully refurbished property with high yields and insured lease terms. Social housing is the key to profitable investments in the UK: 👉 Stable Demand: Social housing is in high demand in the UK due to a chronic shortage of affordable housing. The demand is driven by factors such as population growth and increasing house costs. 👉 Long-Term Income Stability: Investments in social housing can offer stable, long-term rental income. This is because tenants typically have long-term leases and rent payments are often backed by government benefits, reducing the risk of default. 👉 Social Impact: Investing in social housing allows investors to contribute positively to society by providing safe and affordable housing options to low-income families. It also supports community development and reducing homelessness. If you're interested in investing with Sheltered or hearing more about what we're about, drop me a message.
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The latest Essential poll has revealed that 68% of Australians support investment into not-for-profit community housing providers to deliver the social housing that our nation needs. Community housing providers and government are already working in partnership together to deliver new social homes and great communities where people want to live. Social housing changes lives. It’s time for our leaders to invest in more of it!
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🏡 Let's talk about social housing Whilst there is a broad consensus that Australia desperately needs more social housing, where we build them may very well matter just as much as the number of homes we construct. A recent US based study found that children born to low-income families have a much greater chance of escaping poverty when they grow up in communities where there's strong interaction between people from different income levels. These cross-class connections, the study found, have a greater influence on economic mobility than “school quality, family structure, job availability or a community’s racial composition”. So what does this mean? In light of this compelling evidence, we propose that a similar study should be a top priority under the government’s Housing Australia Future Fund. If the findings of the US study can at all be translated to an Australian context, this implies the government should strongly consider co-locating social housing in affluent areas. Whilst the NSW government has acknowledged the need to build more social housing in areas with access to employment and transport links, there has been little appetite to propose redeveloping social housing in Sydney’s more affluent suburbs. Local councils have also proven to be a significant obstacle when it comes to new developments. You can read about our ideas on how to boost productivity and ensure greater equality of opportunity in our 2023 Budget Blueprint paper https://lnkd.in/gEUXtvV5
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Did you know that building 90,000 social rented homes could add £51.2bn to the UK economy? This is according to research from CEBR. Learn more about these economic benefits of social housing, including job creation, reduced homelessness, and improved healthcare:
Social housing a boost to the economy?
housing.org.uk
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3 Reasons Why YOU Should Invest in Social Housing... When investing with Sheltered, you can get your hands on fully refurbished property with high yields and insured lease terms. Social housing is the key to profitable investments in the UK: 👉 Stable Demand: Social housing is in high demand in the UK due to a chronic shortage of affordable housing. The demand is driven by factors such as population growth and increasing house costs. 👉 Long-Term Income Stability: Investments in social housing can offer stable, long-term rental income. This is because tenants typically have long-term leases and rent payments are often backed by government benefits, reducing the risk of default. 👉 Social Impact: Investing in social housing allows investors to contribute positively to society by providing safe and affordable housing options to low-income families. It also supports community development and reducing homelessness. That's not all... stay tuned for our next post for more. If you're interested in investing with Sheltered or hearing more about what we're about, contact us today.
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Today National Housing Federation and Shelter launch a new report showing the huge economic and social benefits of building 90,000 new #SocialHomes Just one year of building the social homes our country needs would add £51.2bn to the UK economy. We are in a #HousingCrisis and building these homes will contribute significantly to our economy and provide thousands of much-needed social housing. Read more here: https://loom.ly/rkkfrs4
The economic impact of building social housing
housing.org.uk
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Cebr conducted an economic and social impact assessment for the National Housing Federation and Shelter, examining the effects of constructing 90,000 social homes. Our report provides a thorough, long-term analysis of the costs and benefits to the economy, government, social housing residents, and society in general. The scenario modelled in the report focuses on the construction of 90,000 new social homes once, illustrating the potential impact of such a scheme, with the impacts expected to accrue over 30 years. Read the full article here: https://lnkd.in/eKezUqTU
Spending on UK social housing will ‘save taxpayers money’ in long term, study finds
ft.com
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The government has missed its response to the previous government’s consultation document on social housing allocation tests. The link is here: https://lnkd.in/exnEWbDX It might be quickest jumping staring to the concluding summary that states: “19. The government does not intend to enact the policy proposals set out in the consultation, which would not have delivered any meaningful improvements to how social housing is allocated – proposals were either unnecessary, unfeasible, risked harming communities, or costly. 20. The only real answer to addressing the unmet demand for social housing is to increase the supply of good quality homes.”
Government response to the consultation on changes to social housing allocation tests
gov.uk
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Social historian, writer, speaker & teacher who believes passionately that history must be democratised because each and every person has made their mark upon history and has a story to tell.
Powerful and important analysis.
One million homes to rent, this is where we need to start rebuilding our economy. Top down interventions will no longer work and we need to rebuild the UK from the grass roots upwards. A stable home and more resilient communities will save money in the long term, while more diverse, inclusive development and the empowering of local communities will help drive innovation and change. https://lnkd.in/e_EEgwTv
Social rent homes in England fall by more than quarter of a million in decade
theguardian.com
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