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 […]
Will housing receive a ‘red tape bonus’ from Brexit?
Leaving the European Union is supposed to free us from red tape. Depending whether Brexit is hard or soft, it could give Britain more freedom to set its own rules. Will this be of any benefit to the housing sector? Let’s look at some of the possible changes. EU procurement rules are one example. Ending […]
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. […]
Government policy needs to return to building homes to let at modest rents
As the latest UK Housing Review is published, co-author John Perry describes how government priorities have shifted from direct investment in affordable housing to personal subsidy through housing benefit. If asked about how the government spends money on housing, most people would probably say they build council houses – but of course they’d be wrong. […]
Developers are skimping on low-cost housing: time to get tough
The government is so scared of antagonising developers that it is failing to insist on affordable homes being built. The government has missed another opportunity to put the building of affordable housing where it belongs – at the heart of planning policy. Affordable homes that are built when developers get planning permission for a 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 […]
Brexit means we have to build fewer houses… or does it?
Ahead of the launch of the UK Housing Review, CIH is running a series of blogs trailing its content. In the first of these we look at whether some of the claims made about the likely impact of Brexit on housing demand stack up. It’s a claim already made by some newspapers opposed to building […]
Pinning down the government’s house building figures
How many houses we need to build each year in England is the subject of much debate – but almost equally contentious are the statistics that show how many we are building. Just a month ago the Home Builders Federation claimed the government was misplacing enough houses to build a town the size of Stevenage. […]
From rent to buy
There are signs the government may drop its focus on homeownership in response to the referendum’s economic impact and the apparent slowing down of the housing market. But is the real choice between assisting homeowners and helping tenants? Or might we get the best of both worlds? As recently as 2008, a quarter of the […]
John Perry lives in Masaya, Nicaragua where he works on