Cross-subsidy may be dead, but simply calling for more grant is not the answer – here’s what we should do

By Colm Lacey 2019-11-15T06:00:00

So, farewell to the cross-subsidy model. But did it ever exist, really?

So, farewell to the cross-subsidy model. A perfect storm of rising costs, increased regulation and slower sales has apparently killed the goose that laid the golden egg of genuinely affordable housing for all.

But did it ever exist, really?

It is certainly true that social housing delivery has fallen off a cliff in the last 10 years or so. In 2009, before the full economic effects of the credit crunch had been meted out, approximately 40,000 social rent properties were delivered in the UK. In 2018, with the market mired in uncertainty, that number fell to 5,000.

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