There is no doubt that housing issues need to climb to the top of the government's economic agenda. But while several of the budget's announcements are steps in the right direction, more detail is needed before we are able to judge the effectiveness of these measures.
I welcome consultation on the potential role of a social housing real estate investment trust (REIT). Although I am not convinced most housing associations need a REIT alternative, any changes that bring new investors into the market could prove beneficial. Most importantly, any changes to the sector must ensure that commercial interests do not override social ones.
Similarly, it is pleasing to hear there will be a publication of a white paper on social care. The care debate has to be about the culture and cost – not simply the latter. The present system has lost its soul; we need to get it back if we are to provide the decent services that the old and vulnerable in our society need.
More generally, it is important that housing associations have access to additional government funding to support the building of new homes. New homes for social rent need subsidy and there is no way round that.
At present, for every £1 the government gives us we match it with £6 of our own investment. This provides great value to the state and also creates jobs and investment in local communities. The economic benefits compare well with all other infrastructure investments being made by the government.
Brendan Sarsfield is chief executive of Family Mosaic
This content is brought to you by Guardian Professional. Join the housing network for more comment and analysis – and the latest jobs – direct to your inbox
