London Councils has welcomed the Prime Minister’s speech to the National Housing Federation, in which she reiterated her commitment to fixing ‘our broken housing system’.
Cllr Darren Rodwell, London Councils’ Executive Member for Housing and Planning, said:
“It was good to hear the Prime Minister emphasise the value of social housing and the need to build more homes for social rent. London faces a chronic shortage of social housing, and this has all sorts of knock-on effects on communities’ well-being and the affordability of living in the capital.
“The announcement of £2bn of extra funding for housing associations is certainly welcome, but there is much more the government could do.
“Addressing the worsening housing crisis and the rising rates of homelessness in the capital means empowering boroughs to build homes on a much bigger scale.
“London boroughs are determined to increase delivery of the new homes our communities need. In the past year alone we have approved planning permission for 55,000 new homes and we aspire to build a new generation of high-quality council houses. However, continuing restrictions on the use of Right to Buy receipts and the Housing Revenue Account borrowing cap are holding us back. Councils must be allowed to borrow to invest in the social housing that we all want to see.”