Affordable housing on the rise
0The supply of affordable homes increased 12% year-on-year in the financial year to March 2018, according to new data from the Ministry of Housing, Communities & Local Government.
Nine percent of the new supply was directly built by local authorities, with housing associations accounting for 36%, and 47% by Section 106 schemes, where developers shoulder the entire cost.
New supply has been volatile.
Last year the total rose to 47, 355 new homes, but this compares with a peak of nearly 70,000 units in 2014-15 as the 2011-15 affordable homes programme came to an end.
The 2011-15 programme introduced affordable rent, and this has taken over from social rent as the most common form of tenure.
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