Leaders from housing associations representing 1.5 million social homes in England are pressuring Rachel Reeves to classify affordable housing as infrastructure spending. This move could free up additional funds amid ongoing negotiations over housing budgets, where dissatisfaction with current funding levels persists. With housing being critical for economic growth, six housing groups have formally requested this reclassification to provide the Chancellor with flexibility in his fiscal commitments. This push is supported by various partnerships across regions, as many face severe shortages of affordable housing and rely on more substantial government investment to rectify this situation.
Housing has a pivotal role in economic growth. Reclassifying investment in affordable homes as infrastructure spending is a vital step to unlocking the long-term confidence and funding needed to build.
Six housing association groups have written to Rayner asking for social housing to be classified as critical infrastructure, which would allow Reeves to commit extra funds without breaking her fiscal rules.
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