Yes, unless you want to come in there quickly, Lauren. I guess I'll deal with them separately, Chair, if that's useful. In terms of the recommendation from the committee in its initial report, I think the first general thing to say is that the current situation we're in is not through a lack of effort and application from both the sector and Government officials. We are all working tirelessly behind the scenes to try and alleviate the emergency we're in, and there is some progress being made.
In terms of your recommendations, it was good to hear positive responses from the Government around a different approach to housing need. We really, really need to change that. The housing needs assessment is very old, and a lot of water has passed under the bridge in terms of pressures on the housing sector and housing supply since it was published, but also in terms of what we need to know from that needs assessment. So, work is being done on that. It probably needs to happen more quickly, as with all of these things, but work is happening, and a commitment announced to carry out a fuller housing condition surveys, à la what happens in England, for us to understand where our current stock is and the real cost of retrofit and making our homes more sustainable, because I think it's a lot more than the figures are telling us.
I think the biggest thing, for me, to come out of the response to your recommendations was the rebalancing of tenure to that 20 per cent [Correction: to rebalance that tenure so that 20 per cent is social housing], which I think is a recognition in writing that that's the crux of the issue. We've gone from a situation where social housing stock accounted for around 30 per cent to 31 per cent in 1980 and private rented sector about 5 per cent or 6 per cent, to a situation now where it's around 17 per cent private rented sector and 16 per cent social housing. That kind of tells us in one statistic what the problem is. You have far, far more people now captured by the vagaries of the market in an economic climate where an 11 per cent inflation rate, which happened a couple of years ago, is built in and passed on to buy-to-let mortgage lender landlords and that would pass on to their tenants and there's no capacity to be more flexible in response to that because we haven't got enough social housing stock. So, I think, ultimately, the cause of the current housing crisis is the over-financialisation of the housing system. So, it's good to see that and we need to do a lot more work in order to alleviate that—obviously, increasing recognition of the increasing social housing grant and more flexible approaches to finding finance with the Development Bank of Wales and the RSL development loan scheme.
I guess my biggest disappointment in the Government's response—and I know there's a separate question that might come up on this—is not to accept the recommendation of a national development agency. I think that's something we are calling for in our manifesto ahead of the next Senedd election, as it's fundamental to taking our response to the housing emergency beyond the political cycles and beyond the political targets that we set ourselves. You look across the border at Homes England and what they're doing in that Cambridgeshire corridor and the pace and scale that they're going to build at there, that's the sort of approach we need here to bring in the expertise, to bring in the responsiveness, the agility, which doesn't happen within those political cycles.
In terms of the taskforce, as Wendy says, there are small things happening. I guess a general point made about that is that it was in direct response to see how we can get to the 20,000 homes target, and I guess it was probably known beforehand that the barriers to building homes are structural and systemic, and we're not going to solve them overnight, but a lot of work is already happening in that space to address those structural and systemic levers. But it's good sometimes to focus minds, as it were, and I think it was a worthwhile exercise. Wendy mentioned the empty homes guidebook. I think the big thing that came across was the transitional accommodation capital programme application of voids. Now, that may be questioned in some quarters, whether that's to the letter—well, certainly not to the letter of the commitment, but whether it's in the spirit—but we've got 1,500 homes that wouldn't have been in use otherwise, and this is about getting people out of temporary accommodation, off those waiting lists, right? So, we need to be pragmatic about it.
So, I think things are happening. The sector is working hard. Things have probably moved a bit more quickly as a result of the taskforce and the recommendations, but, like I say, the issues are structural, systemic. They're going to take longer than six months of a Senedd term to solve.