Funding and cash issues in social housing have been flagged for years. S106 item is relatively new in terms of impact. Regardless, without significant amounts of cash housing associations will be spending more on doing less. www.bbc.com/news/article...

How ‘perfect storm’ blew away planned social homes England needs - BBC News

Housebuilders say they have thousands of social homes ready to be built but no customers to buy them.

There is cash to *either* build new homes, meet carbon net zero, *or* upgrade existing stock and meet legal compliance requirements on safety and comfort. There isn't enough to do all of that. Most orgs (with 1 or 2 notable exceptions) have shown big drops in new builds & EBITDA MRI %.