A new national housing agency – Housing England – has been formed to deliver more homes, as the gap between supply and demand is widening. As the successor to the Homes and Communities Agency, the new agency is expected to drive forward change.
“By bringing together their existing planning expertise and new land buying powers, the new agency will play major role in securing land in areas where people want to live, support smaller and more innovative house builders into the market and resource brownfield sites from across the country to deliver homes for families,” the Ministry of Housing, Communities and Local Government said in its latest announcement.
Homes England will be crucial in fixing the housing market by helping to deliver an average of 300,000 homes a year by the mid-2020s. The launch of Homes England is just one of the steps this government is taking to fix the broken housing market. Since 2010, the government has delivered more than 1.1 million homes while ‘Help to Buy’ scheme has supported over 255,000 people to buy a property.
The new agency will develop a new commercial approach to acquiring, preparing, managing and developing land in areas of high demand and strategic importance. By focusing on using both the land and money to support builders of all sizes to increase supply, it will continue to support accelerated construction on a selection of sites.
Meeting housing demand is also about supporting the SME sector and over £750 million of the £1 billion short term fund has been committed to SMEs, custom builders and developers using modern methods of construction which will result in over 25,500 homes being built. Homes England will support this initiative and SME builders to grow their businesses and build more homes.