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HOUSING'S KEY OPPORTUNITY - NHF

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The federation has called on the government to invest£2bn more in social housing as part of the forthcoming spendi...
The federation has called on the government to invest£2bn more in social housing as part of the forthcoming spending review.

It argues that the government spending plans allow sufficient headroom for capital investment in housing to meet the proposals outlined in the green paper and national strategy for neighbourhood renewal.

In particular the federation has recommended:

A market renewal fund of£500m to pay for investment in poor housing stock and regeneration

A gradual increase of the approved development programme and local authority social housing grant by£1.56bn to meet the growing need for affordable homes

An increase in grant rates for new social housing, to ensure more affordable rents

The federation's submission to the Treasury argues that these initiatives will address the significant under-investment in social housing stock, revitalise the housing market and provide new social housing more cost effectively - with potential savings to housing benefit.

Liz Potter, director of policy at the federation said: 'The green paper and national strategy for neighbourhood renewal will stand or fall on the outcome of the next comprehensive spending review. It is the one opportunity to eliminate the repairs backlog and really invest in new housing and regeneration to tackle social exclusion.'

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