Thursday, 24 November 2016

Free Up Councils To Build Homes, Says Think Tank

The government must free up local authorities to take more decisions on how and where housing can be delivered, a new report says. Independent think tank Localis argues only by affording local authorities greater flexibility around finance and land can the government hope to achieve the million new homes target by 2020. The report ‘makes a series of recommendations to drive a ‘new surge’ in housebuilding, including;
·         HRA debt cap is lifted to better reflect local authorities’ ability to service debt.
·         Right to Buy receipts are fully retained locally, for local authorities to invest in replacing disposed stock.
·         Combined authorities are devolved powers to freeze land values as part of their Mayoral Development Corporation.

Read more on 24housing.

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