Walls & Futures REIT plc comments on the Government’s Housing White Paper

Joe McTaggart, CEO of Walls & Futures REIT plc comments:

“We welcome many of the proposals set out in the housing white paper and the Government’s call for institutional investors, like us, to support local authorities in delivering affordable housing.”

“We are particularly encouraged by the focus on bringing brownfield land back into use and building more homes on surplus public sector land.”

“The extension of right to buy to tenants in new affordable properties built by local authorities will open up home ownership. However we are concerned that it will lead to a reduction of affordable social housing in the rental sector.”

“We are committed to investing in social and affordable housing and look forward to working with local authorities to deliver quality housing at affordable rents”