UBS Shelter

The Shelter basic service aims to ensure that everyone has access to safe and affordable housing in their local community.

In the 2017 report we use the widely accepted remedy of adding significantly to the existing stock of social housing using an estimate of the shortfall in overall housing additions in proportion to population over the last decade.

We modelled doubling the existing social housing stock by funding the building of 1.5 million new social housing units at a unit cost of £189,000 using 30 year Treasuries at current market rates.

The new units could be offered on a needs basis at zero rent, however actual allocation would be local need based decision for local communities. To provide a guide to full costing we proposed that all social housing, not just the new builds, would be exempted from Council Tax, and include a utilities allowance.

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