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Housing09 Apr 20268 min read

150,000 social homes a year — here is exactly how we pay for it

A short, plain‑English guide to the funding model behind our flagship housing pledge.

Verdant's flagship housing pledge — 150,000 social homes a year — comes with a detailed funding plan that the party says can be delivered without adding to day‑to‑day borrowing.

The model: £5bn/yr from the wealth tax revenues; £3bn/yr by ending the Help to Buy scheme and redirecting the budget; £2bn/yr from a stamp duty surcharge on second homes and foreign buyers; and £5bn/yr in borrowing against the value of the new homes themselves, repaid through rents.

"This is how every other country does it," said housing spokesperson Cllr Rashid Karim. "You build public housing, you collect rent, you reinvest. The only radical thing we're proposing is doing it at scale."

The party has published the full 24-page costing document, reviewed by independent economists, on its website.