Housing Minister signals increase to rental tax credit in Budget

The video discusses the delivery of 30,000 new homes last year and highlights ongoing challenges in the rental sector, including high rents. It mentions the introduction of a rent tax credit and the need for more social and affordable housing. Progress in housing delivery is acknowledged, with plans to exceed targets and address dormant planning permissions in cities.

What was the primary purpose of introducing the rent tax credit?

• To decrease the number of renters

• To reduce rental costs

• To increase home prices

• To encourage more people to rent

What achievement was highlighted regarding social homes last year?

• The highest number of social homes delivered in 50 years

• A reduction in social home demand

• A decrease in social home construction

• The introduction of new social home policies

How has the first home scheme benefited renters?

• By reducing rental prices

• By helping them purchase homes

• By providing rental subsidies

• By increasing rental availability

What is the goal for housing targets in the coming years?

• To maintain current levels

• To exceed the set targets

• To reduce housing development

• To focus solely on rental properties

What is the plan for dormant planning permissions in cities?

• To leave them unused

• To convert them into parks

• To sell them to private investors

• To start development soon