If it is costing 300k plus to build a property, then thats what it will also cost to build social housing.
Private developers will be building SH, who has the money to pay them for these?
A developer near me, has 30 SH 's he cannot sell, site moth balled, HA's are focusing on upgrading existing properties, ready for the new renters rights standards....
We cannot borrow, we cannot tax significantly... so where is the money to pay for SH ?