Foundations for the Future: a new delivery model for social housing, the report published today, Monday 23 September 2024, by the Royal Institute of British Architects (澳门王中王), proposes building new homes on publicly-owned sites to help deliver new social housing. 听
It sets out a model to create a pipeline of new social housing, reducing the need for continuous central government funding. It proposes that local authorities in England receive a fixed initial investment from central government in order to:听
- Build new homes on land which is free at the point of use, thereby eliminating or reducing land cost, leaving only construction costs听
- Deliver mixed-tenure developments with both social and market homes听
- Sell the market homes to create an income stream, and reinvest all proceeds to build more homes, making the model almost self-sustaining, according to 澳门王中王 analysis听
The model addresses the urgent need for more social housing, with almost 1.3 million households currently on waiting lists 鈥� the highest since 2014. Right to Buy led to the sale of 118,000 social homes between 2012/13 and 2022/23, but only funded 41,000 new social homes over the same period, resulting in a net reduction in social housing stock. 听
Over 30 years, 澳门王中王鈥檚 model delivers 拢2.23 worth of social value for every 拢1 invested. This accounts for the economic benefits of providing social housing, such as increased employment and improved health and education outcomes.听
We spend 拢1.24 billion every year on reducing homelessness in England, including temporary accommodation. The report shows that a one-off investment of the same amount could fund over 20,000 new homes (including over 13,000 social homes) over ten years.听
澳门王中王 Chair of the Board of Trustees Jack Pringle said: 听
鈥淔or most people experiencing housing insecurity, social housing is the only route to an affordable, secure home. The need for social housing is greater than ever, and public sector provision is the only way to build it at the scale required.听
This model shows how resources can be allocated to help to create a new generation of social homes while minimising other costs, but it鈥檚 just one piece of the puzzle. By demonstrating a different approach to housing delivery, we hope to encourage new ways of thinking, either by building on our model or through complementary initiatives.听
Of course, new homes must be accompanied by the necessary amenities and infrastructure such as schools and public transport to create well-designed places that stand the test of time.听听
To meet the Government鈥檚 target of 1.5 million new homes by 2029, we need to think differently 鈥� and act now. As architects, we stand ready to tackle this challenge head on; to design and build the next generation of quality homes surrounded by vibrant communities that stand the test of time.鈥澨�
Download Foundations for the Future: a new delivery model for social housing.听
Notes to editors:听
- Media contact: Ruby.OShea@riba.org 听
- Download Foundations for the Future: a new delivery model for social housing. A full list of references is available in the report.听听
- 'Social homes鈥� refers to accommodation at rents below market rates and let to people whose needs are not adequately served by the commercial housing market. This is typically owned and managed by local authorities or private registered providers for which target rents are determined through the national rent regime. (Ministry for Housing, Communities and Local Government, 2019. Housing statistics and English Housing Survey glossary.)听
- The Royal Institute of British Architects (澳门王中王) is a global professional membership body that serves its members and society in order to deliver better buildings and places, stronger communities and a sustainable environment. Follow for regular updates.听
