The Treasury has made £47bn from Right to Buy but we have paid a price in lost social housing
Government changes to the rules about spending Right to Buy receipts will make it easier for councils to reuse the money they get from selling the homes, but will it lead to enough of them getting replaced? An important concession is that councils can now use receipts to fund 40% of the cost of a […]
Right to Buy is shocking value for money – a sensible government would ditch it
Right to Buy continues to fiercely divide opinion. Here, John Perry argues why he believes calling time on the 40-year-old policy is now the sensible thing to do Here’s a good question for a pub quiz: what was Britain’s biggest ever privatisation? Was it British Gas, or perhaps water or electricity? All of these raised […]
The government commits billions to private housing – it’s time to fund social homes instead
How much has government housing investment been cut since 2010? Headlines at the time reported that it fell by 60% and many people’s impressions are that it has since stayed at something like that level. But as the UK Housing Review has shown by looking at the detailed figures over the last four years, the […]
The loss of social homes must be stemmed
According to Crisis, to tackle new housing needs and address the backlog of overcrowding, sharing and unsatisfactory living conditions, we need to build 90,000 social rented homes per year in England. Yet currently we struggle to produce 5,000. This means that, far from meeting new needs, we’re not even building enough to replace the social […]
How do we build 100,000 social rented homes each year?
Crisis and the National Housing Federation have just published a new report showing that 100,000 social homes are needed across Great Britain. With all but 10,000 of those needed in England, the biggest challenge will be to the Westminster government and will require a step-change in how it delivers housing. The high numbers reflect the […]
Lifting the HRA borrowing cap should come with accounting changes
Theresa May’s announcement that borrowing caps on council housing investment will be removed was a big step in the right direction, and the issuing of draft regulations appears to confirm that the caps will be lifted at the end of this month. With reports of a Treasury fight-back, the concern was that restrictions could have […]
Why councils don’t use their borrowing capacity
Before parliament went off for its summer holidays, the housing minister Kit Malthouse said he was ‘at a loss’ to understand why councils don’t use their full borrowing capacity to build new homes. Always willing to help out a new minister, I’ll offer a quick guide to why this apparently lamentable situation has come about.
Encouraging messages, now Labour must work on the detail
Jeremy Corbyn launched Labour’s affordable housing green paper last Thursday, promising one million new homes over ten years of which a significant number would be for social rent. The ambition was clear: funding will be restored to the level when Labour last held office, and councils will once again become “major deliverers” of social housing. […]
Social rented housing is disappearing at a time we need it most
Building of new homes for letting at social rents has fallen to a trickle – just 5,380 in the last financial year. The past five years have seen just 50,290 built altogether, most of these financed by social landlords without grant aid. Theresa May has promised to revive social renting “in those parts of the […]
Good news for the sector but what will the rent settlement’s impact be?
The announcement that social rents will rise one per cent ahead of inflation for five years from 2020 has been widely welcomed. The most important aspect of the announcement is the timescale – a five-year settlement, with no further cuts in rents, offers the stability in their incomes that landlords need to plan their investment, […]
John Perry lives in Masaya, Nicaragua where he works on