Ministry of Housing, Communities and Local Government written question – answered at on 25 June 2018.
To ask Her Majesty's Government what measures, if any, they intend to introduce to enable local authorities to access the resources needed to build stocks of social housing.
The Government wants to support local authorities in delivering a new generation of council housing. In October last year, the Prime Minister announced a long term rent deal for local authorities and housing associations. At Autumn Budget the Chancellor of the Exchequer announced that we will raise the Housing Revenue Account borrowing cap by a total of up to £1 billion in areas of high affordability pressure for local authorities that are ready to start building new homes. In March we announced plans to consult on options for allowing local authorities more flexibility in the use of their Right to Buy receipts.
Local authorities, as well as housing associations, can bid for funding from the £9bn Affordable Homes Programme to deliver more affordable homes - including at social rent - with funding for social rent targeted at areas with the most acute affordability pressures.
Taken together this substantial package of measures gives local authorities the resources, security and certainty they need to plan investment, and deliver their future house building plans.
Yes1 person thinks so
No0 people think not
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