Government's housing strategy receives mixed response
Tue 22 Nov 2011
The government's new home-building strategy has received a mixed response from industry bodies.
While the National Housing Federation has backed the initiative – which will see a £400 million cash injection help to deliver up to 16,000 new properties in the hope of kickstarting the economy – it has warned the proposals do not go far enough in terms of providing more affordable homes.
David Orr, chief executive of the group, described plans to build 3,250 new affordable properties as merely a "drop in the ocean".
Meanwhile, the Chartered Institute of Housing also claimed the initiative is not "robust enough", as it does not set out the long-term future of the property market post 2015.
However, interim chief executive Grainia Long admitted the body is pleased the government has realised the housing sector is the "foundation for economic success".
In addition to providing £400 million to re-stimulate house building within the UK and making provisions for new affordable homes, the government's Get Britain Building fund hopes to create an additional 32,000 jobs.
Roger Fitton, a partner at Winckworth Sherwood, commented: "The housing agenda is far wider than cash to unlock stalled sites and deposit guarantees, but also involves release of public sector land with payment for it on a sales of units basis, as well as an extensive right to buy scheme."
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