Mandatory housing objectives for England, which were eliminated by the previous Conservative administration in December, will be reinstated, according to Housing Secretary Angela Rayner.
Additionally, she announced that the annual goal will rise from 300,000 to little over 370,000 households.
Nevertheless, she stated that the goal for London would be reduced from the previous 100,000 to roughly 80,000, a level that Sadiq Khan, the mayor of London, is “determined to rise to”.
The government, according to Ms. Rayner, is altering the formula for determining the number of homes required in a community “so we better reflect the urgency of it.
Moreover, the regulations mandate that 50% of newly constructed homes be cheap, “with a focus on social rent.”
She stated that authorities will receive £450 million from the local authority housing fund to build 2,000 new houses.
Ms. Rayner stated that although the plan was “radical” and likely to cause controversy, the housing crisis is “urgent”.
Major developers will meet with Housing Minister Matthew Pennycook on Tuesday “to ensure that they commit to matching our pace of reform,” the spokesperson added.
