JRF calls on government to buy up stalled sites

housing market

Charity predicts collapse in housing market if government does not act to  turn schemes into social housing

Housebuilding rates could collapse unless the government intervenes to get the market moving, the Joseph Rowntree Foundation said today. 

A report from the charity said the government should keep build rates up by funding councils, housing associations and others to buy stalled sites from developers and repurpose the schemes as social housing.

The report says the purchases could be funded from expected Homes England underspend on its social housing grant programme.

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