Institutional Investment can help Councils deliver more social housing

Jul 26, 2023

The startling revelation that two thirds of UK councils built no new housing last year is a wake-up call for all of us invested in resolving the housing crisis. Over 1.2 million families are currently waiting on council lists for a place to call home. Despite this pressing need, it seems housing development continues to stall due to funding constraints and financial restrictions.

In this context, Rentplus is uniquely positioned to help. We are backed by institutional funding which allows us to partner with councils and housing associations to deliver affordable rent-to-buy homes. Our model offers a viable and immediate solution to accelerate the delivery of much-needed housing.

Just weeks ago, it was reported that £1.9bn, intended to combat England’s housing crisis, was returned unused to the Treasury. We must question the disconnect between the pressing need for homes and the availability of funds. It is imperative that these resources are effectively channelled into sustainable housing solutions.

The Local Government Association’s call for a “genuine renaissance in council house building” echoes our vision at Rentplus. We fully support the creation of a national task force to back councils in their efforts to provide homes. The retention of receipts from Help to Buy could potentially provide a useful source of funding to further this aim.

Now is the time to shift from conversation to action. At Rentplus, we are ready to engage in partnerships that can effectively utilise available funding, deliver affordable homes, and make a significant difference to those waiting for a home. Let’s build a brighter, more secure housing future together.
#HousingCrisis #AffordableHousing #Rentplus #LocalGovernment #HousingSolutions

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