The Chartered Institute of Housing says 79 per cent of the Government’s homes budget up to 2020/21 will go towards private housing, while only 21 per cent will be spent on affordable homes.
Almost a quarter of a million social homes in England for residents on low incomes will have been lost under the Conservatives by 2020, new figures have revealed.
More than 150,000 of the most affordable homes have gone since 2012, and a further 80,000 will have disappeared by 2020, analysis showed – taking the total to 230,000 in just eight years.
The Chartered Institute of Housing (CIH), which conducted the analysis of official data, said the loss was a result of government policies such as Right to Buy and the decision to stop funding new social housing in order to focus on more expensive “affordable housing”.
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