Through the Housing Corporation's affordable housing programme for 2007-08 the average total scheme cost was £150,200 for a social rented unit of which £59,700 was social housing grant. The remainder of the total cost is generally covered by borrowing or through registered social landlords' own resources. We have made no estimates on the costs of borrowing to finance the building of these homes.
We hold no central records on costs of building social rented homes by local authorities or on estimates of borrowing costs.
Records are held of local authority new build homes but not those built by their arms length management organisations.
The following table shows the number of new affordable homes built in England by registered social landlords (RSLs) for each year since 1997-98. The figures include social rent and intermediate affordable new build homes; they exclude acquisitions.
New homes built by RSLs 1997-98 27,890 1998-99 26,360 1999-2000 22,260 2000-01 19,560 2001-02 19,550 2002-03 18,920 2003-04 20,580 2004-05 23,500 2005-06 28,470 2006-07 30,690 Source: Housing Corporation Investment Management System (IMS).
Not all RSL housing is provided by new build completions as some supply can come from acquisitions. In 2006-07, an additional 5,500 RSL homes in England were provided by acquisitions which are not included in the aforementioned figure.
The following table shows the number of new social rented homes built in England by registered social landlords (RSLs) each year since 1997-98. The figures exclude acquisitions.
New homes built by RSLs for social rent 1997-98 23,690 1998-99 22,430 1999-2000 19,520 2000-01 17,300 2001-02 17,510 2002-03 16,590 2003-04 16,600 2004-05 16,830 2005-06 18,350 2006-07 19,080 Source: Housing Corporation Investment Management System (IMS)
Not all RSL social rented housing is provided by new build completions as some supply can come from acquisitions. In 2006-07, an additional 2,360 social rented homes in England were provided by RSL acquisitions which are not included in the aforementioned figure.