A cross-party of committee of MPs has opened an inquiry into social housing finances.

The Levelling Up, Housing and Communities Committee announced yesterday that it will probe the “financial pressures facing social landlords” and the resources needed to “build thousands of new homes for social rent” while at the same time improving existing social housing stock.

The committee, chaired by Labour MP Clive Betts, will examine the range of grant funding available and the “increasingly complex financial and corporate structures proliferating in the social housing sector.” It will also look at policy and regulatory changes affecting the affordable housing sector.