National Housing Federation statement on Policy Exchange report
- Published on Monday, 20 August 2012 16:15
- Posted by Scott Buckler
Responding to the Policy Exchange report Ending Expensive Social Tenancies, David Orr, Chief Executive of the National Housing Federation, which represents England's housing associations, says..
"The Policy Exchange's report rightly recognises that we have a huge shortage of homes and urgently need to start building more. And part of that solution is that housing associations should be able to take advantage of the value of their properties in different ways. However, the idea of selling off social housing in 'high value' areas to build more in cheaper areas is fundamentally flawed. It could effectively cleanse many towns of hard working people who simply can't afford the high prices of buying or renting privately. The report also ignores the fact that there is not the mortgage availability or market for people to buy these homes.
"We absolutely agree that housing associations need more flexibility over how they best use their properties, but as independent businesses they cannot, and should not, be forced to sell off their assets. The answer is building more homes and the flexibility to take an imaginative approach – this might sometimes mean selling some of their higher cost properties, or it might involve taking advantage of the value of those properties to innovatively raise finance."