Member

This is where the scenario that is presented of large-scale stock transfers leading to recapitalising the housing association sector is important. On an estimate of one-third of the housing association stock over 10 years transferring into partnership registered providers, it is estimated potentially to lead to 18,500 more affordable homes per annum. The amendment from the noble Baroness, Lady Thornhill, in this group wants us to understand what we are talking about when we are talking about affordable homes, social homes and so on. Clearly, probably no more than half of those would be homes for social rent. In this context, we want to be focused on homes for social rent as well as other forms of social housing, such as home ownership at below market rates.