Is this good news for the youth of our country that they may be able to afford homes? Will this strategy crack the impasse that is a barrier to delivering the homes we need? If it is taken forward it must be a boost for economy and help address the post-BREXIT downturn in the market and also be a boost to the construction industry. What is your view?
· The Government must lift its target by 50% and build 300,000 homes each year to tackle the housing crisis. · Local authorities and housing associations must be freed to build substantial numbers of homes for rent and for sale. In their report, Building More Homes, published today, the cross-party House of Lords Economic Affairs Committee makes wide-ranging recommendations to address the housing crisis, including: · Restraints on local authority borrowing should be lifted. Local authorities should be free to borrow to fund social housebuilding as they are other building programmes. This would enable local authorities to resume their historic role as one of the major builders of new homes, particularly social housing. · Council tax should be charged on development that is not completed quickly. The Government’s reliance on private developers to meet its target of new homes is misguided. · Maximise the use of public land. The Government must take decisive steps to build on the very substantial holdings of surplus publicly owned land. · Local authorities should be given the power to increase planning fees.