Affordable UK Home Construction Hindered by Post-Glenfell Fire Protection Costs

Huge bills for fire protection in high-rise residential buildings “catastrophically” the number of new, affordable homes built in the UK, major building-and-loan unions warn.

Clarion Housing Group, L & Q, Network Homes and Peabody, the four largest social landlords in the country, will fund new developments as costs associated with the 2017 fire at Grenfell Tower increase. He said his ability would be hindered. 72 people have died.

Unless the minister provides additional funding to repair potentially dangerous blocks, landlords will sacrifice 8,300 affordable homes over the next five years, down 40% from current targets to £ 700 million in repairs. Face the bill.

Affordable home hits are another consequence of the crisis, leasing owners face catastrophic costs, homebuilders get caught up in hundreds of millions of pounds of repair work, and MPs get out of the deadlock. I’m having a hard time finding a way.

Claire Miller, Clarion’s Chief Executive Officer, said: “This will have a devastating impact on our ability to build new homes.”

Kate Henderson, CEO of the National Housing Industry Association, said the cost of rehabilitation was “more”, taking into account other housing associations, non-profit landlords for hundreds of thousands of affordable accommodation tenants. It means “the loss of thousands of homes.” federation.

The building safety crisis began with the Glenfell fire. The Glenfell fire exposed a flaw in building codes and claimed fraud by a supplier of dressings and insulation for the renovation of a tower in western London.

The crisis has swelled over the past year and there are now growing concerns about the safety of hundreds of thousands of apartments across the UK.

The government has promised £ 5.1bn to cover the restoration work, but some estimates have tripled the total bill for all affected buildings, and there is fierce controversy over who should pay. It’s happening

Despite the rebellion by the 32 Conservatives, efforts to protect lease owners from costs stalled in parliament when lawmakers rejected amendments to the fire protection bill from the House of Lords.

Currently, lessors are facing a temporary fire protection bill until the house is approved as safe, and government plans are for people in buildings less than 18 meters high to cover repair work a month. You may have to borrow a loan of up to £ 600.

Building owners, lease owners, and politicians have complained that a significant portion of the cash set aside by the minister for repairs will eventually be returned to the Treasury as VAT.

The current VAT rate for most restoration work is 20%, and campaigners are asking the government to abolish the charges.

“The cladding crisis has been going on for more than three years, meaning that tens of thousands of people across the country can’t continue their lives,” said a conservative MP seeking an exemption from leaseholders. Stephen McPartland says. Invoice for restoration work.

“Exempting these tasks from the 20% tax is a gift of the government and the Treasury, which can further increase the government’s own £ 5bn rehabilitation funding,” he added. ..

Affordable UK Home Construction Hindered by Post-Glenfell Fire Protection Costs

Source link Affordable UK Home Construction Hindered by Post-Glenfell Fire Protection Costs

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