NEW: Labour pledge to build 100,000 council homes a year by the end of the parliament, and at least 50,000 additional social rent homes a year through Housing Associations by the end of the next parliament.
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For context, last year fewer than 1,000 social rent homes were built, while govt figures say fewer than 3,000 council homes were. ‘Social rent’ is key here: classed as ~half of market rent, compared to the govt’s “affordable rent” definition - 80% of average local market rent.
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