Not ones for getting involved in politics but the latest from the government at their party conference on Wednesday 3rd October appears to be great news for the industry.
Lifting cap on borrowing for councils to build homes is ‘fantastic’, says Local Government Association
The Local Government Association says the decision to lift the borrowing cap for councils that are building houses is “fantastic”. This is from its chairman, Lord Porter. (Porter is a Conservative, but in his LGA capacity he frequently criticizes the government over local authority funding.)
He said: Today’s speech by the prime minister shows that the government has heard our argument that councils must be part of the solution to our chronic housing shortage.
It is fantastic that the government has accepted our long-standing call to scrap the housing borrowing cap. We look forward to working with councils and the government to build those good quality affordable new homes and infrastructure that everyone in our communities need.
Our national housing shortage is one of the most pressing issues we face and it is clear that only an increase of all types of housing – including those for affordable or social rent – will solve the housing crisis.
The last time this country built homes at the scale that we need now was in the 1970s when councils built more than 40 per cent of them.
Councils were trusted to get on and build homes that their communities needed, and they delivered, and it is great that they are being given the chance to do so again.
Other housing bodies that have welcomed the announcement include the Chartered Institute of Housing, which said it was “excellent news”, and the Royal Institute of British Architects, which said it was “delighted”.
Content courtesy of The Guardian