£1.1 billion for affordable homes (11 July 2007)
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Affordable housing has been made the top priority by the South East England Regional Housing Board (RHB), which has recommended Government invests £1.1billion over three years to create homes for people on low incomes. This amount of investment will aim to create 10,550 new affordable homes each year, with 25% of the rented and 15% of the part rent/ part buy homes having three or more bedrooms as research shows family needs are not currently being met. The Board this week set out advice for Government on how to invest £1.3 billion in housing in the region for 2008-11 to bring housing priorities in line with the regional vision set out in the 20 year South East Plan. The remaining £200million of suggested investment includes £30million earmarked for a Regional Infrastructure Fund to finance infrastructure projects that are required before development can take place, recouping the cost from developers later. Other points highlighted in the review include:
Cllr Elizabeth Cartwright, chairman of the RHB said: "Affordable housing is an issue of the utmost importance in the South East, which is why we have stressed it so strongly in our advice to Government. The South East's rising house prices are making it more difficult for people on lower incomes to get the accommodation they need and require. The proposals we are putting forward to the Minister will help to address this, but the Government needs to invest much more money to resolve this key issue. " ContactsSteve Baker, Assembly PR Executive - 01483 555234 Heather Bolton, Assembly Communications Director - 01483 555220 Notes to editors:Five year breakdown of affordable housing provision planned in the South East:
Our vision is for a distinctive, outward-looking, accessible region of prosperous, sustainable communities, with a high quality of life and environment. Last updated: 21 August 2007 |



