Fixing the broken housing market with our pensions
We are in a housing crisis, now acknowledged by the government and the only way to address a crisis is to get everybody pulling in the same direction and utilising all available resources. As the housing White Paper pointed out, it should be a moral duty for everyone to tackle the broken housing market head on so all the stop should be pulled out to facilitate greater investment in housing.
Financing house building presents a stumbling block especially for social housing providers, with housing associations and local authorities locked out from accessing mainstream government funds. The £3bn Home Building Fund, the £1bn Build to Rent Fund as well as the hundreds of millions devolved via the Housing Investment Fund to Combined Authorities can only be accessed by private sector companies.
