Housing and the Credit Crunch - Third Report of Session 2008-09

This report, by Communities and Local Government (CLG) together with formal minutes, oral and written evidence was ordered by The House of Commons

As a result of the credit crunch the Government is unlikely to meet the ambitious housing targets set out in its 2007 Green Paper, Homes for the future: more affordable, more sustainable. Nonetheless, CLG strongly advocate retention of those targets because they continue to reflect levels of need and demand. The target for new social rented homes should be increased, both to address a historic backlog in need and to meet the likely increase in demand from households unable to purchase a home or access good quality private rented provision as a result of current economic circumstances.