Nick Raynsford
Main Page: Nick Raynsford (Labour - Greenwich and Woolwich)
Grant Shapps
Let us be clear that the existing social housing programme continues—£2.2 billion goes into that. An additional amount will go into affordable rent. Affordable rent does not mean 80% of market rent. The key words are “up to” 80% of the local market rent, meaning that in some areas, the figures will be somewhere in between social rent and the market rent, but not necessarily 80%.
Mr Nick Raynsford (Greenwich and Woolwich) (Lab)
May I draw attention to my entry in the register?
Will the Minister admit that he will not build any social rented homes at all, and that the ones that will be built are all inherited from the previous Government? His policy of so-called affordable rented homes—at 80% of market rents—will not produce any social rent properties, and even worse, it will require the conversion of former social rent properties to so-called affordable rent properties when they become available for re-let. That means no new affordable social rented homes, and more people waiting for a home that they can afford.
Grant Shapps
It seems obvious to me that if homes are not built today or at least at the time of the election, and we subsequently build them, they will be counted in the homes that we build. The fact that we have decided to continue to put £2.2 billion into the build programme in addition to the affordable rent programme means that we will out-build the previous Labour Government not just over four years, but in comparison to their 13 years, in every single year.