The Government is likely to fall short on its affordable homes housebuilding targets says the Public Accounts Committee in a report today.
MP’s say that Government is likely to deliver 32,000 homes short of the aims of its 2016 and 2021 affordable homes building programmes.
The Department for Levelling Up, Housing and Communities admits it does not expect to deliver the intended benefits of the 2021 programme and has already downgraded its forecast, expecting to achieve 157,000 new homes in its 2021 programme of house building against a public target of up to 180,000.
The Committee says that DLUHC does not seem to have a grasp on the considerable risks to achieving even this lower number of homes, including construction costs inflation running at 15-30% in and around London.
