The Bishop of St Albans took part in a debate on a report from the Select Committee on Intergenerational Unfairness on 25th January 2021, focusing on access to and provision of housing:
The Lord Bishop of St Albans [V]: My Lords, the decrease in the rates of home ownership for the younger generation is a major issue and not one of their own making. As this excellent report demonstrates, it is an important factor in addressing issues of intergenerational fairness. For many years, there has been a failure to supply housing adequately—an issue exacerbated by a cycle of stagnation fuelled by low market absorption rates and stalled developments.
The Letwin report suggests that one of the most important reasons for this is that developers will build new homes only at a rate that the market can absorb and that, by diversifying housing products, rates of absorption will increase. However, when I put down Written Questions to Her Majesty’s Government on this topic, never once has it been acknowledged that it might be in the interest of developers to land bank, as increased supply is likely to reduce house prices. While I believe that this has contributed to the lack of supply, I agree that low absorption remains a real issue. However, I do not think that diversification alone will solve it.
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On 3rd December 2020 the Bishop of St Albans received a written answer to a question on the effect of quantative easing on wages and house prices:
The Lord Bishop of Durham [V]: The Salvation Army has an innovative project for short-term housing solutions by using “meanwhile use” land to provide high-quality modular homes rooted in church communities and supported by wider community groups. This gives the residents the provision of a flat and the relational support of the community. What consideration have Her Majesty’s Government given to the Salvation Army’s innovative approach to homelessness and similar projects?
The Lord Bishop of St Albans [V]: My Lords, there has been a particular problem in the rental market, whereby renters and landlords have suffered as a result of these latest measures. Given the temporary protection from eviction for those living in tier 2 and 3 areas, could the Government confirm whether an eviction ban will now be extended across the country and whether they will now develop a strategy to help tackle arrears brought on by Covid to avoid a tragic spike in homelessness?
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