Labour’s plans to build 100,000 new affordable homes would include a return to large scale social home building, according to shadow housing minister Jack Dromey.
Shadow chancellor Ed Balls today called on the government to invest the likely £3 billion raised from an auction of the 4G network in building affordable housing. The 100,000 homes this would build would be on top of 25,000 social homes the party has pledged to build from a tax on bank bonuses.
Speaking to Inside Housing after Mr Balls’ speech, Mr Dromey revealed that in total Labour would use its plans to build 40,000 social homes, and 50,000 shared-ownership properties with the remainder being intermediate rent.