Building social housing could add £50 billion to the economy, report finds
An aerial view of terraced housing in Pimlico in central London, July 9, 2021
BUILDING social housing is a “win-win” that could end the homeless emergency and relieve strains on the NHS while generating billions for the economy, a report published today has found.
A study by the National Housing Federation (NHF) and homeless charity Shelter says that more than £50 billion could be added to the economy by building 90,000 social homes.
It predicts that investment in social housing could directly support nearly 140,000 jobs in the first year, and that within three years it will have paid for itself.
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