The Chartered Institute of Housing (CIH) has estimated that: “Between 2012 to 2020, 244,000 social rented homes could be lost due to landlords converting them into affordable rented properties or selling them under Right to Buy”, Inside Housing, reports.
These properties have rents set at up to 80% of the market rate.
According to the chief executive of the CIH, Terrie Alafat, the government should at least maintain the social rented homes available or increase their numbers or this would foster “real hardship” for those who are in utmost need of housing.
She also said: “The loss of so many of these types of homes is extremely worrying at a time we need more not less.”
The CIH predicts the following:
161,669 of the social rent losses between 2012 and 2020 will come from councils while housing associations will have lost 82,485 more
Conversions from social rent to affordable rented and demolitions by councils will continue as it is now
New Right to Buy sales by housing associations will start in 2018 at “modest levels”.
Ms Alafat said:
“…If the government really wants to solve our housing crisis, it must recognise that building more homes at genuinely affordable rents will be crucial to help those who need housing the most.
“We are urging it to consider how, at the very least, it can prevent this decline.
“We should be seeing an increase in numbers, not a significant decline.”
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