Office blocks are also being used to house families as 210,000 children are estimated to be homeless.Read more
BBC News education reporter
BBC Radio 5 Live
Wake Up To Money speaks to Nigel Wilson, the chief executive of insurance and investment giant Legal & General.
His company is investing £4bn in Oxford where it will develop thousands of new homes, as well as research and office space with the university.
"It's a fantastic collaborative partnership between the University, the city and business. We don't need central government to do this, we can just get on and make these sorts of deals and transactions, which are hugely beneficial to the local economy, pretty much anywhere in the UK."
"Everywhere you go there's underinvestment, whether it's the transport, the housing, the education, it's all the same stuff in every city and Legal and General has been very fortunate so far in that we've been able to... change the face of many cities across the UK."
A mother with an ill daughter describes how her rent kept going up, but the housing benefit she relied on did not meet the costs.
Social housing tenant Sharon White says she could be forced out if annual rent rises continue at the same pace and with money tight.