Shadow chancellor Ed Balls this week called for 100,000 new affordable homes to be constructed in a bid to help more people gain a foot on the housing ladder and kick-start economic growth.
Mr Balls, MP for Morley & Outwood, said that the plan should be funded using the £3bn to £4bn expected to be raised from the forthcoming auction of the 4G mobile phone spectrum.
Using the lower estimate of £3bn would allow 100,000 affordable homes - a mix of shared ownership, affordable rent and social rent - to be built at a cost of £2.5bn.
Affordable homes in North Yorkshire
Sanctuary Group in partnership with Hawsker-cum-Stainsacre Parish Council is hosting an open day at Hawsker Village Hall in Whitby providing an opportunity for local residents to learn more about affordable housing. The event takes place on Saturday 6 October between 10.30am-1pm.
Affordable new homes in West Sussex
Wilmington Homes has submitted a planning application to develop to bulldoze the former Family Tree public house in North Bersted, Chichester, and replace it with three separate buildings comprising of 14 affordable homes; eight three-bedroom houses, three two-bedroom flats and three one-bedroom flats.
New affordable homes in Scotland
The Scottish government are likely to miss their target for building 30,000 affordable homes by 2016, according the Scottish Federation of Housing Associations. But a Scottish government spokesman responded by stating that 6,882 affordable homes were developed in 2011-12, topping their 6,000 annual target.
Affordable new homes in London
Triathlon Homes, affordable housing provider for East Village, the legacy identity of the Olympic Athletes' Village, will take ownership of 1,379 affordable homes in the Olympic Athletes' Village.
New affordable homes in Lincolnshire
A new development in the village of Navenby featuring 24 affordable homes has been completed, bringing much needed affordable housing to the area. Jubliee Way, off High Dyke, was built for Longhurst & Havelok Homes by local construction company Lindum. There are eighteen homes available; these consist of two- and three-bedroom flats, houses and bungalows for rent and six, two- and three-bedroom houses for Shared ownership.