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592934
star this property registered interest false more like this
star this property date less than 2016-10-03more like thismore than 2016-10-03
star this property answering body
Department for Communities and Local Government more like this
star this property answering dept id 7 more like this
unstar this property answering dept short name Communities and Local Government more like this
star this property answering dept sort name Communities and Local Government more like this
unstar this property hansard heading Housing: Prices more like this
star this property house id 2 remove filter
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty’s Government what assessment they have made of the claim by the Intergenerational Foundation that high house prices increased segregation in society. more like this
star this property tabling member printed
Lord Taylor of Warwick more like this
star this property uin HL2060 more like this
unstar this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>We accept that our failure for many years not to build enough homes has serious consequences. House prices have risen faster then incomes; while renters are paying, on average 50 per cent of their income in rent which makes saving for a deposit all the more difficult. This means that the dream of home ownership is further away for younger people today when compared to previous generations.</p><p>This Government is committed to solving the housing crisis by every means possible. That means taking action to ensure that we build more homes in this country. We have doubled the housing budget to almost £20 billion over the next five years, including £8 billion to deliver over 400,000 affordable homes by 2021.</p><p>We have also taken steps to help people on the path to home ownership. Our Help to Buy: Equity Loan has helped over 91,000 households to buy a new-build home since the scheme was introduced in 2013. 81 per cent of these sales have gone to first-time buyers.</p><p>But we recognise the need to go further. That’s why we launched the £3 billion Home Building Fund that will help deliver 225,000 badly-needed new homes on sites throughout England. Further measures will be included in a Housing White Paper later this autumn.</p>
star this property answering member printed Lord Bourne of Aberystwyth more like this
star this property question first answered
less than 2016-10-17T14:47:03.723Zmore like thismore than 2016-10-17T14:47:03.723Z
star this property answering member
4282
star this property label Biography information for Lord Bourne of Aberystwyth remove filter
star this property tabling member
1796
unstar this property label Biography information for Lord Taylor of Warwick more like this