The West Midlands saw a 33% increase in affordable homes completed during the last year which is nearly three times the national average increase.
Whilst the latest Government figures are a sign of significant progress, West Midlands Combined Authority (WMCA) bosses warned there was much more work to do to meet the region’s housing needs.
During 2017-18, a total of 1,837 affordable homes were completed in the West Midlands, including 408 social rent homes – this was up from 1,383 in 2016/17.
There were particularly strong developments in Birmingham and Sandwell where the numbers of affordable homes completed more than doubled – the 33% rise compared to a UK average of 12%.
While encouraging, the construction of affordable and social homes will need to be accelerated dramatically over the next decade as part of the West Midlands Combined Authority wider plan to build 215,000 new homes in the region by 2031. This includes the need to treble the number of affordable homes being built each year.
“Our economic success and new job creation are driving this increase in new housing, particularly affordable housing for which there is high demand across the region,” said Andy Street, Mayor of the West Midlands.
As part of the Housing Deal agreed with Government in March 2018, the WMCA was awarded £350 million to help the region achieve that target. Some of this funding will be used to prepare brownfield land, including contaminated former factory sites, for housing development.
Cllr Mike Bird, WMCA portfolio holder for housing and land/regeneration, said: “We are intervening in places and unlocking sites where development has stalled or cannot get started and working with partners from both the private and public sector to get building underway.
“Through this we are also encouraging developers to come forward with good quality design and a diverse mix of housing including properties for rent and sale as well as affordable homes, to meet the needs of all our communities.”
The figures were revealed as WMCA housing and regeneration director Gareth Bradford highlighted the region’s work on housing to an audience of national developers and policy makers at the Savills 8th Housing Seminar in London.
He told delegates that the WMCA is looking to become a global leader in the construction of new modular homes. The WMCA believes in order to meet its targets they should move away from traditional building methods towards modern production systems.