Government's New Council House Building Drive Will Come At Expense Of Housing Associations

The government’s council house building drive will come at the expense of fewer new units constructed by housing associations. The independent Office for Budget Responsibility said it expected new council house construction of 20,000 units over the period as a result of the lifting of the HRA cap. However, the OBR, also added that it expected this to crowd out private house building, with every two new council houses resulting in roughly one less new private house, meaning the net impact on new housing supply from lifting the cap would be only 9,000. Read more on the Independent website.

https://www.independent.co.uk/news/business/news/council-house-building-social-housing-associations-theresa-may-a8614281.html