hatch. News.

hatch. response: The Social Housing Crisis

A recent cross-party report, commissioned by key political figures including Sayeeda Warsi, Ed Miliband and Lord Jim O’Neill has been researching ways to tackle the UK’s critical housing crisis.

In brief the report concludes that England needs “3 million new social homes by 2040” and the current level of just over 6,000 homes a year is falling dramatically short.

The idea has been costed at up to £225bn – to help quantify this, it has been cited as “five times the annual defence budget”. But “savings to the £21bn annual housing benefit bill and the economic boost created by the programme means it would pay for itself inside 40 years, according to fiscal modelling for the commission by Capital Economics”.

“The time for the government to act is now,” says Miliband. “We have never felt so divided as a nation, but building social homes is a priority for people right across our country. It is the way we can restore hope, build strong communities and fix the broken housing market so that we can meet the needs and aspirations of millions of people.”

The hatch. vision is to bridge the social housing gap through the implementation of quality, affordable and robust modular homes built in local factories. In essence, the creation of local manufacturing facilities and the innovation of their new CLiCs modular housing product will enable the community to build the homes the community so desperately need. Intelligent design and space ingenuity will become as standard for all.

hatch. are currently in negotiations with several Housing Associations, Councils and key political influencers to make this vision a reality and our first CLiCs home is currently in production.

We look forward to sharing our progress with you.

Source information and image courtesy of The Guardian