Leeds must build more than 4,500 affordable homes a year if it is to meet growing demand, a high level report today warns.
Government decision makers are today told by the National Housing Federation to back Leeds if they it want the city to enjoy a huge jobs boost.
The Federation says that across the Leeds city region there would be an annual cash injection of £164m into the local economy if enough affordable homes were built to meet local demand.
Building more affordable homes in the Leeds city region area would support 3,559 jobs, it is claimed.
Rob Warm, head of member relations at the National Housing Federation said: “People here are struggling to find the homes they need at a price they can afford. Not building the homes we’re going to need represents a failing of generations to come, and a missed opportunity today.
“The numbers show that new homes are more than roofs over heads; they bring wealth to local areas and improve job prospects.
“That’s why we’re asking that politicians commit to ending the housing crisis within a generation by building more homes now.”
Keighley MP Kris Hopkins has defended the Government’s record.
The communities minister said: “Thanks to this Government’s long-term economic plan, we have delivered nearly 217,000 new affordable homes since 2010, and are levering in £19.5bn of investment in affordable housing up to this year.
“Council house building is also at a 23 year high. In addition, a further £38bn investment will be delivered in the next Parliament to provide a further 275,000 new affordable homes, taking house building to its highest level for two decades.”
Officials at the Federation say some 5,602 full-time jobs would be created across Yorkshire if the region was supported in building the 7,100 homes it needs to keep pace with a growing population.
With just 950 new homes a year entering the regional market, the Federation has a warned of an affordable housing crisis for the region if politicians do not act.
In rural Yorkshire alone there is a need for some 1,506 new affordable homes, worth £54m to the local economy.