Britain is in the midst of the biggest housing crisis in a generation. The gap between the number of homes we build and the number of homes people need is unprecedented, at over 100,000 each year. If unchecked, the overall gap between housing supply and need is set to rise to two million by 2020.
The Tories have no plan to tackle the housing crisis. David Cameron has presided over the lowest levels of house building in peacetime since the 920s and people across the country are priced out of home ownership which is now at its lowest point for 30 years. For many that means renting in the private sector where they have very little security and even families with children can be forced to move at short notice.
Labour believes that everyone should be able to live in a home they can afford and in the communities where they have their roots. We also know that the housing crisis cannot be tackled unless we start building many more homes than are built now. Labour will give our communities the powers they need to get Britain building again, ensuring at least 200,000 new homes a year by 2020 – almost double the current level. We will tackle land banking so that developers with planning permission have to use it, and give local authorities powers to ensure that local first time
buyers people are able to take advantage of new homes that are built in their area.
We will also create a fairer private rented sector, so that in future, renting is a more secure long term option for families and individuals who cannot or prefer not to buy. We will legislate for rights to longer term lets, with predictable rents, to provide affordability, stability and security. And we will end the injustice of prospective tenants being hit with hundreds of pounds of unfair charges by regulating letting agents and banning rip-off letting agent fees on tenants.
• Get at least 200,000 homes built a year by 2020.
• Build more affordable homes by prioritising capital investment in housing.
• Give local first-time buyers priority on new homes in housing growth areas.
• Hand local communities new powers to get homes built where they want them.
• Get a fairer deal for private renters by guaranteeing longer term tenancies with predictable rents and banning rip-off letting agent fees on tenants.
• Give councils greater powers to reduce the number of empty homes.
• David Cameron has presided over the lowest level of homes built in peacetime since the 1920s.
• Over 1.3 million families with children are now part of “Generation Rent”.