Originally posted on March 19 as a blog for Inside Housing.
It was only last week but already it seems a lifetime ago since BC – Before Coronavirus
With schools closing, London facing lockdown and, who knows, troops on the streets by the weekend, the impact on housing may seem minor by comparison.
But beyond parochial organisational concerns, the situation is critical for millions of people faced with losing their income or their job and wondering if they will lose their home too – and a matter of life and death for those living and working in care homes, extra care and sheltered housing and those who already have no home.
With the government twisting the arms of mortgage lenders to offer payment holidays, help arrived for home owners first. Now it is promising help for renters with emergency legislation to ban private and social landlords from evicting anyone for three months and no new possession proceedings to be allowed during the crisis.
Originally published on March 11 as a blog for Inside Housing.
This is a Budget that does not live up to its own hype and has some glaring omissions but still brings some good news for housing.
There are three big positives: a £12.2bn Affordable Homes Programme (AHP) over the five years from 2021/22; an additional £1bn for a Building Safety Fund to remove dangerous cladding; and £650m to help rough sleepers into permanent accommodation.
Add the reversal of an interest rate hike for borrowing for new council homes, extra funding for housing infrastructure, £1.2bn in consequentials that other UK nations can invest in new homes and an extension of Shared Accommodation Rate exemptions to young rough sleepers and other vulnerable groups, and this looks like one of the best Budgets for housing in the last 10 years.
However, that’s not setting the bar especially high, and you don’t have to look very far below the surface before the questions start to mount up.