Social housing refers to affordable housing provided by the UK government for individuals and families who require assistance
Social housing is intended to provide accommodation for vulnerable individuals who cannot afford to purchase or rent a property. The purpose of social housing is to ensure that all households in the UK have access to suitable accommodation. It is an alternative to the private rental sector, offering lower rental rates, longer lease terms, and a stable living environment.
Social housing is typically organised and managed by local councils, housing associations, registered charities, and social care operators. Tenants of social housing report directly to and pay rent to these organisations, effectively treating them as landlords.
Research for the National Housing Federation (NHF, 2021) estimated that 8.5 million people in England are facing some form of unmet housing need
Read MoreFor more than 4.2 million people, social rented housing would be the most appropriate tenure to address that need. This equates to 1.6 million households.
Research conducted by Heriot-Watt University
The Research done for the NHF and the homelessness charity Crisis (2018) called for 145,000 new affordable homes each year in England of which 90,000 should be for social rent. These estimates were based on an analysis of the backlog of housing need at that time (for example, homeless households in unsuitable accommodation), combined with projections of household growth.
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Social housing is rapidly becoming one of the most popular investment strategies in the UK. This type of property, provided by government or non-profit organisations, is designed to help in-need individuals. Investing in social housing offers a unique opportunity to generate stable income while also making a positive impact on your community. – Ian Bigger realtor