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Housing budget must be protected, says NHF
Mon 19 Apr 2010
The National Housing Federation (NHF) has warned that the housing crisis in Britain could get worse if the housing budget is cut after the election.
According to the group, figures laid out in the chancellor's recent Budget speech suggest that the housing budget could fall by 25 per cent after voters go to the polls next month.
This, it said, would reduce the planned number of affordable homes by 574,000 over the next ten years, and put an extra 1.4 million people on housing waiting lists.
The organisation also believes that if cuts of this scale are implemented, the number of new homes being built each year would "plummet" to just 100,000.
David Orr, chief executive of the NHF, has therefore called on Labour, the Conservative Party and the Liberal Democrats to commit to safeguarding the housing budget.
He said that if the budget is reduced after the general election, the UK's affordable housebuilding programme would end up "falling off a cliff".
The NHF recently said that "urgent action" is required to get housebuilding back on track, as insufficient numbers of new homes were built across the country "even during the boom years".
