“New Zealand bans sales of homes to [many] foreigners”

It can be done.

“New Zealand’s parliament has banned many foreigners from buying existing homes in the country – a move aimed at making properties more affordable.

The ban only applies to non-residents. Australians and Singaporeans are exempt because of free-trade deals.

New Zealand is facing a housing affordability crisis which has left home ownership out of reach for many.

Low interest rates, limited housing stock and immigration have driven up prices in recent years.

Is it a total ban?

No, only non-residents are affected by the Overseas Investment Amendment Bill, which was passed in a 63-57 vote on Wednesday.

They are now banned from purchasing most types of homes – but they will be able to make limited investments in new apartments in large developments.
Foreigners with residency status in New Zealand – as well as non-resident Australian and Singaporean nationals – are not affected by the ban….”

https://www.bbc.co.uk/news/world-asia-45199034

Social housing: sticking plaster on a haemorrhage

“The Government’s long awaited social housing green paper has concentrated on improving relations between residents’ and landlords but has disappointed councils by offering no new powers to support house building.

Among the main proposals in A new deal for social housing are publication of key performance indicators to allow residents to compare landlords, a revived stock transfer programme, a right-to-buy exercisable in stages and more effective resolution of complaints.

Judith Blake, the Local Government Association’s housing spokesperson, said: “This green paper is a step towards delivering more social homes but it is only a small step, compared with the huge and immediate need for more genuinely affordable homes.

“The Government must go beyond the limited measures announced so far, scrap the housing borrowing cap, and enable all councils, across the country, to borrow to build once more.”

National Housing Federation chief executive David Orr – who represents housing associations – said: “Our members fully share the Government’s commitment to ensuring tenants get the quality services they need – and that they can hold their landlords to account if they don’t.”

He added: “Without significant new investment in the building of more social housing, it is very hard to see how it can be a safety net and springboard for all the people who desperately need it.” …”

http://localgovernmentlawyer.co.uk/index.php?option=com_content&view=article&id=36407%3Acouncil-concern-at-lack-of-new-powers-in-green-paper-to-support-housebuilding&catid=60&Itemid=28

Fiddling while social housing burns

“When she first came to power Theresa May promised to address Britain’s “burning injustices”. A few weeks ago, MPs were asked to quietly drop the phrase. Tied up in the complications of Brexit, the government has done very little to help the poor and disadvantaged – those who voted in protest against their own circumstances in the referendum. Neglecting this group has not helped past governments, and this one seems to be making the same mistake.

A new green paper on social housing seems unlikely to buck the trend. It recognises that there is a problem with social housing, but fails to recognise the nature of that problem: that there simply needs to be more of it. Instead, it talks about making social housing “fairer”, and “better quality”, and “challenging the stereotypes that exist about residents and their communities”. It says, rather patronisingly, that no social housing tenant should feel a “stigma” about their situation. That is not the pressing issue.

There are almost 1.2 million people on the waiting list for social housing. As they wait, people are forced to pay rent they cannot afford, and as a consequence they cannot afford to buy food. It is no coincidence that the use of food banks in Britain is soaring. But the government is doing little to help. Experts say we need between 70,000 and 90,000 new homes for social housing a year to meet the need in England. Last year fewer than 6,000 were built – a record low. And there are no new funds in the offing to increase supply.

Instead, the green paper concentrates on initiatives such as league tables for social landlords, which it says will “rebalance the landlord/tenant relationship”. But even this is unlikely to work. With such a short supply of social housing, landlords at the bottom of the league aren’t going to suffer from a lack of interest. Neither is it going to be easy for social tenants to flit between houses, depending on their ratings. And social landlords aren’t really a problem either, as these tend to be housing associations or local councils, and bound by professional codes and regulations. Much more dubious are the amateur landlords in the private sector – able to chuck tenants out on a whim – which is where people end up when they cannot get social housing.

This is not the first time the government has tried to distract from a funding crisis by introducing new league tables: it has done this with universities, and rail operators, and lately with nursing and midwifery. It’s an underhand technique – an attempt to shift attention off the government and on to the competition, and to show that the system is at least working for some. But it’s time it started to address the real problems – and for houses that means more building.”

https://www.theguardian.com/commentisfree/2018/aug/14/tories-houses-build-landlord-crisis-league-tables

“Elderly should be housed in luxury developments with spas to keep them out of care home”

Owl says: Just one problem – in the whole glowing article the cost of these homes is never mentioned! You can be quite sure these homes will be out of reach for “ordinary” (ie not rich) people – rather like all other new housing.

“Traditional care homes will be increasingly replaced by luxury developments with spas, hairdressers and beauty salons in a bid to keep pensioners independent for longer, ministers say today.

The Government plans will see £76 million invested annually for the next three years in new homes specially designed for those who are frail, elderly or suffering from disabilities.

Health officials said the plans aim to keep people independent for longer – with their own front door, but more support on hand, with use of sensors and video monitoring to track the most vulnerable.

Housing developers will be able to bid for funds, from the programme which has already seen £315 million allocated to projects which design such homes. …”

https://www.telegraph.co.uk/news/2018/08/13/elderly-should-housed-luxury-developments-spas-keep-care-homes/

A useful critique on new planning regulations (local councils stay silent on their views)

Why CPRE thinks it is a developers’ charter (again):

https://www.devonlive.com/news/devon-news/new-planning-policy-framework-slammed-1892197

Claire Wright sets up support group for people struggling with Dept of Work and Pensions

What sort of support group might Swire or Parish set up? “Help the Maldives Travel Fund” (Swire) or maybe “Rich farmers who might get slightly poorer” (Parish)? Or possibly: “We both started out as Remainers and are now Brexiteers who have no idea what is going on but desperately trying to look like we know what we are doing” support group?

“Hi, I have set up a support group for people who are struggling with the Department of Work and Pensions, such as those on working tax credits or who are trying to claim PIP or carers allowance, for example.

The first meeting is on Tuesday 21 August at 7pm, in the Institute, Yonder Street, Ottery.

The meeting is primarily for people living in my council ward, however, I won’t turn anyone away.

Please help get the message out there by liking and sharing this post. Many thanks:

Claire Wright
Devon County Councillor
Otter Valley Ward”

http://www.claire-wright.org/index.php/post/support_group_for_people_battling_with_the_department_of_work_and_pensions

“First-time buyers left high and dry as number of cheaper homes plunges under the Tories”

“First-time buyers have been left high and dry after the number of cheaper homes plunged under the Tories.

Just 7,245 new affordable homes to buy were funded by the government last year – down from 20,298 in 2009/10.

Official figures show the number of those homes completed fell for four years in a row after the Tories took power, and hit a low point of 4,280 in 2015/16.

It comes despite Theresa May declaring in January that it was her “personal mission to restore the dream of home-ownership”.

Labour claimed 77,000 fewer affordable homes to buy had been built than if construction had continued at the 2009/10 rate. ….”

https://www.mirror.co.uk/news/politics/first-time-buyers-left-high-13050005

Project Planning Fear: MP Truss says rip up planning rules or get Corbyn!

“A cabinet minister faced a furious backlash yesterday after saying the Tories must build homes in the countryside – or they will hand power to Jeremy Corbyn.

Liz Truss, Chief Secretary to the Treasury, said planning laws should be ripped up as she complained about the number of Nimbys in Britain.

The outspoken minister said ‘a lot more’ sites needed to be opened up. She also called for those living in cities to be allowed to add extra floors to their homes without needing permission. Miss Truss argued the house-building overhaul was needed to keep Mr Corbyn out of Downing Street at the next election.

Liz Truss argued the house-building overhaul was needed to keep Jeremy Corbyn (pictured) out of Downing Street at the next election

But Tory colleagues warned the party would be ‘run out of office’ if it went ahead with ‘catastrophic’ proposals that fail to protect rural Britain and the green belts around London and other major cities.

The row comes a day after campaigners warned the green belt is already being ‘gobbled up at an alarming rate’ to build thousands of homes.

A report from the Campaign to Protect Rural England, published yesterday, showed plans for almost 460,000 homes have been pencilled in for green belt land since 2013 as councils lift planning protections, opening the way for developers.

Asked in an interview whether she would you be happy to ‘start paving over our green and pleasant land’, Miss Truss replied: ‘I do think we need to open up more land for building, a lot more. There are a lot Nimbys in Britain.’

Questioned on whether there are many ‘not in my backyard’ objectors in her own party, she said: ‘There are, but I think it is a dwindling number.

‘People recognise the choice is building on more greenfield sites and making sure there are enough homes for next generation or losing the election and ending up with Jeremy Corbyn, whose policy appears to be appropriating property.

Liz Truss, Chief Secretary to the Treasury, said planning laws should be ripped up as she complained about the number of Nimbys in Britain

‘So I know which one I’d choose – it’s having more homes available on the open market for people of whatever generation to afford.’ The minister added: ‘I also think we need to make it easier to build up in cities. I quite like the Japanese system where essentially you can build up on top of your house without having to get extra planning permission. I think we need to be more liberal about these policies.’

Miss Truss, who was appointed second-in-command at the Treasury last June after previously serving as justice secretary and environment secretary, said in the interview with the Financial Times’ politics podcast that she would one day like to be the country’s first female chancellor. ‘Well, who would say no to that?’ she said.

But when asked if she would like to be prime minister, Miss Truss, who is MP for South West Norfolk, replied: ‘I’m not sure about that one.’

Tory former minister Crispin Blunt last night warned the party it would suffer an electoral ‘catastrophe’ if it does not protect the green belt. The MP for Reigate, who is co-chairman of the all-party parliamentary group for London’s green belt, said Conservative local councillors already faced being ‘run out of office’ in areas where ministers had raised housebuilding targets.

‘Residents’ associations are going off their rocket,’ he said.

Mr Blunt said trying to meet demand in the South East was ‘sucking the best and brightest out of the North’. Hindering development in the South-East would encourage growith in the North, he added.

Tom Fyans of the CPRE said: ‘We agree that there is a severe lack of affordable homes available for people to buy and rent.

‘However, what Liz Truss fails to recognise is that, opening up the green belt will not solve this issue.

Tory former minister Crispin Blunt (pictured) last night warned the party it would suffer an electoral ‘catastrophe’ if it does not protect the green belt

‘Almost three quarters of the homes built on green belt land last year were unaffordable.’ He said the ‘perfect solution’ to ‘this barbaric assault on the green belt’ was to use brownfield land to its full capacity.

The CPRE’s report showed there are plans for almost 460,000 homes on green belt land. Green belt areas can be built on if councils grant planning permission directly or remove the land’s official status. Both methods have been used.

Only 70 houses or flats were built in the green belt in 2009/10 compared with 8,143 in 2017/18.

Miss Truss has become one of the most prominent advocates in the Cabinet for free market liberalism. Earlier this year, she attracted attention for a speech in which she appeared to ridicule the Prime Minister’s plan to ban plastic straws.”

http://35.192.208.249/2018/08/07/tory-minister-liz-truss-sparks-fury-after-demanding-laws-protecting-green-fields-are-ripped-up/

“Social consciousness is rapidly disappearing”

“… In the heart of London’s theater district opposite the Savoy Hotel, with rooms for up to $800 a night, scores of people are lingering patiently on a balmy summer evening.

The snaking line near a branch of Coutts & Co., the bankers to the Queen, displays a portrait of contemporary London: men and women of all ages and ethnic backgrounds, some speaking English and some Polish amid a cacophony of other languages. Some are dressed smartly in shirts and trousers, others in jeans and baseball caps. One man is wearing a food delivery company uniform.

But they’re not there for a deal on tickets to a West End show or a table at Gordon Ramsay’s joint. They’re there for food handouts from a local charity. …

Public spending in Britain has fallen to about 38 percent of gross domestic product from 45 percent in 2010, according to figures from the Office for Budget Responsibility.

Research by charity Shelter found that 55 percent of homeless families in temporary accommodation are working. The 33,000 families represent an increase of 73 percent since 2013, according to the research based on freedom of information requests.

“Everybody’s fighting for themselves now,” Mohammed Nazir, the cabinet member for housing in Slough Borough Council on the fringes of London, said after a meeting in the U.K. Parliament about homelessness. “Social consciousness is rapidly disappearing.”

https://www.bloomberg.com/news/articles/2018-08-06/brexit-noise-drowns-out-london-s-cry-for-help?cmpid%3D=socialflow-facebook-brexit

“New green belt housing applications push total to a record 460,000”

“Applications to build an additional 35,000 homes on green belt land were submitted last year, taking the total number proposed for construction on protected land to a record 460,000.

New data from the Campaign to Protect Rural England (CPRE) released on Monday showed that more than 24,000 homes were constructed in the UK’s green belts in the past nine years. Its State of the Green Belt 2018 report reveals that the number of finished homes constructed on the protected areas almost doubled last year to about 8,000.

The government has pledged to protect green belt land but housing campaigners believe much more controlled land could be released to build badly needed affordable new homes.

Most of the construction to date has been on brownfield sites within the green belt, but the data suggests that the vast majority of homes constructed on greenfield green belt land is in higher price brackets unattainable to most buyers. Only 27% of homes built or approved on greenfield land since 2009 fitted the government’s definition of affordable housing. …”

https://www.theguardian.com/environment/2018/aug/06/new-green-belt-housing-applications-push-total-to-a-record-460000

US luxury property website: “Rental Values Sink in London, Rise in the South West of England”

“The capital might still hold its title as the most expensive rental region across England and Wales—prices average £1,271 (US$1,652) per month—but price growth went negative in the year to June, as values dipped 0.5%.

The South West of England was home to the fastest rising rents in the same time frame, the report said. Prices in this region—which includes rural areas of Cornwall and Devon, along with cities like Bristol, Plymouth and Exeter—rose by 3.4%, bringing the average rental price to £686 (US$891).

“Plymouth is a particular hotspot,” said Martyn Alderton, national lettings director at Your Move, in the report. “As well as stunning countryside and lower cost of living, current multi-million pound developments are creating employment opportunities. …”

https://www.mansionglobal.com/articles/rental-values-sink-in-london-rise-in-the-south-west-of-england-104900

Property tycoon who refuses to house single mothers raises rents by up to 10% immediately after bank rate rise

Landlord Fergus Wilson hikes rent within minutes of interest rate rise

The 69-year-old, one of the UK’s biggest buy-to-let landlords, said in a statement: “Following the interest rate rise I have increased rents in all our properties by £50 per month.

“It is merely passing onto the tenant the additional mortgage charge.

“This increase starts immediately.”

When asked how many homes would be affected he said: “About 400.”

The Bank of England revealed at midday it had voted to boost interest rates to their highest level for more than nine years, from 0.5% to 0.75%.

Within an hour – at 12.50pm – Mr Wilson released a statement to media organisations detailing plans for his rent hike. …

… It comes after Mr Wilson, who runs a portfolio of Kent homes with wife Judith, came under scrutiny for declaring he was evicting mothers last month.”

http://www.kentonline.co.uk/ashford/news/property-tycoon-hikes-rent-within-hour-of-interest-rate-rise-187330/

“Soaring rents rose 60% faster than pay since 2011 – Shelter”

“Rents have risen 60% faster than wages across England since 2011, according to analysis from housing charity Shelter, which claims the crisis is spilling out of cities into “Middle England” towns such as Tunbridge Wells.

The figures show that private rents have risen by 16% since 2011, outpacing average wages which have only risen by 10% over that period. Shelter analysed official data from the Annual Survey of Hours and Earnings and the Index of Private Housing Rental Prices.

The charity said the rental crisis was spreading out from London to cities like Cambridge, Bristol and Birmingham, and to “middle England” towns such as Tunbridge Wells and Milton Keynes, where people are increasingly unable to afford soaring rents while their wages lag behind. …”

https://www.theguardian.com/society/2018/aug/03/soaring-rents-rose-60-faster-than-pay-since-2011-shelter

New planning rules = developer free-for-all again

As Owl understands it (feel free to correct) Local Plans and Neighbourhood Plans are now basically ripped up unless developers are BUILDING just about everything for which they have permission (building, not land-banking).

A new “Housing Delivery Test” will apply from November 2018. If DEVELOPERS have not built enough homes using these calculations COUNCILS will be penalised by having planning decisions taken from them and DEVELOPERS WILL BE ALLOWED TO BUILD JUST ABOUT ANYWHERE. Just like the old days when we had no Local Plan. Neighbourhood plans will then also count for nothing.

As the CPRE points out:

“…Rather than delivering ‘what communities want’ as it claims to promise, the new planning rulebook and its new ‘housing delivery test’ will result in almost all local plans becoming out of date within two years. It is a speculative developers’ charter and will lead to the death of the plan-led system.

“Without a local plan, councils and communities have little control over the location and type of developments that take place. This results in the wrong developments in the wrong places – local communities’ needs are ignored and valued countryside destroyed for no good reason.”

https://www.pbctoday.co.uk/news/planning-construction-news/revised-national-planning-policy-framework-provokes-mixed-feelings/43866/

Nice one, Tories!

For the geeks amongst us, the methodology of the “Housing Delivery Test” – (9 pages) which will be implemented from November 2018 – is here:

Click to access HDT_Measurement_Rule_Book.pdf

CPRE adds its voice to major criticisms of National Planning Policy Framework

“The Campaign to Protect Rural England has labelled the revised National Planning Policy Framework (NPPF) a ‘speculative developers’ charter’, as the government published its new planning rulebook earlier today (24 July).

Despite a promise to ‘build attractive and better-designed homes in areas where they are needed’, CPRE points out that far from fulfilling this promise, the NPPF will continue to favour the delivery of any development, rather than development that meets communities’ needs, respects the environment, and adheres to policies in the NPPF other than those which deal with housing delivery.

CPRE’s key concern is the new ‘housing delivery test’. The NPPF continues to encourage councils to set high targets for housing delivery and this new policy has been produced to enforce this delivery. However, the ‘housing delivery test’ will penalise councils when house builders fail to deliver homes in their areas by removing local control over planning decisions. This in turn will leave them and the countryside open to speculative development.

CPRE have a number of other concerns, including:

a failure to provide an effective brownfield first policy

the continuing failure to support provision of affordable housing in rural areas

the discouragement of neighbourhood planning because of uncertainty over the validity of plans older than two years

continued implicit support for hydraulic fracturing for shale oil and gas, despite massive public opposition and little evidence of need
Matt Thomson, Head of Planning at the Campaign to Protect Rural England, said:

‘Rather than delivering “what communities want” as it claims to promise, the new planning rulebook and its new “housing delivery test” will result in almost all local plans becoming out of date within two years. It is a speculative developers’ charter and will lead to the death of the plan-led system.

‘Without a local plan, councils and communities have little control over the location and type of developments that take place. This results in the wrong developments in the wrong places – local communities’ needs are ignored and valued countryside destroyed for no good reason.’

Despite heavy criticism of the revised NPPF, CPRE are pleased to see that government has taken some positive actions.

They include:

National Parks and AONBs reinstated as having the ‘highest status of protection’

maintaining Green Belt protections and an improved definition ‘exceptional circumstances’ for releasing land from Green Belts

improved clarity and focus for policies on making better use of land

clearer guidance for viability assessment and that price paid for land should never be a justification for viability revisions

excluding National Parks, AONBs and Green Belts from the Entry Level Exceptions Sites policy

‘Social housing’ being reinstated in the definition of affordable housing.
CPRE will be providing further analysis of the revised NPPF shortly.”

http://www.cpre.org.uk/media-centre/sound-bites/item/4923-new-planning-rulebook-heavily-criticised-by-cpre

More planners criticise new National Planning Policy Framework

“Communities face “punishment” if developers fail to build enough homes in their areas, the Local Government Association (LGA) has warned after the Government published a revised version of the National Planning Policy Framework.

Housing and Communities Secretary James Brokenshire said the new NPPF would make it easier for councils to challenge poor quality and unattractive development, and “give communities a greater voice about how developments should look and feel”.

But the LGA’s Conservative chair Lord Porter said: “It is hugely disappointing that the Government has not listened to our concerns about nationally set housing targets, and will introduce a delivery test that punishes communities for homes not built by private developers.

“Councils work hard with communities to get support for good quality housing development locally, and there is a risk these reforms will lead to locally agreed plans being bypassed by national targets.”

Mr Brokenshire said the revised NPPF would promote high quality design of new homes and places, give better environmental protection, secure “the right number of homes in the right places” and put greater responsibility and accountability for housing delivery on councils and developers.

It also gives a new method for councils to calculate housing need and from November 2018 imposes the housing delivery test to which the LGA objects.
This will penalise councils in areas where insufficient homes are built.
Lord Porter said: “Planning is not a barrier to housebuilding, and councils are approving nine out of 10 applications.

“To boost the supply of homes and affordability, it is vital to give councils powers to ensure homes with permission are built, enable all councils to borrow to build, keep 100 per cent of Right to Buy receipts and set discounts locally.”

Other major changes from the original NPPF include making it easier for councils to refuse permission for developments on grounds of poor design, and a more explicit protection for green belts.

Royal Town Planning Institute president John Acres welcomed clearer definitions of concepts like ‘sustainable development’ but warned about, “the significant pressure the new NPPF requirements will put on local authority planning teams”.

Acres added: “It is imperative that chief executives, council leaders and politicians resource planning departments sufficiently, particularly as they will now be held more accountable for delivery under the housing delivery test and are expected to carry out more regular reviews of their plans.”

http://localgovernmentlawyer.co.uk/index.php?option=com_content&view=article&id=36155%3Acouncils-criticise-delivery-test-as-revised-national-planning-policy-framework-issued&catid=63&Itemid=31

RIP EDDC Development Management Committee and goodbye Local Plans

“Council chiefs today warned the Government was creating a developers’ charter that could see local objections to house building ignored to hit targets.

Under new rules unveiled today, housebuilders would be able to ignore local plans for mapping areas for homes if fewer than 75 per cent of those required by Whitehall targets for 2020 are constructed.

It means in some cases developers could be able to override a rejection of planning permission by appealing over local councillors.

The Local Government Association (LGA) claimed the new ‘housing delivery test’ would ‘punish communities’ opposed to bad developments.

The test is part of the new national policy planning framework (NPPF) announced by Communities Secretary James Brokenshire on Tuesday.

Mr Brokenshire said the rules would create a planning system ‘fit for the future’ which married requirements for building numbers, build quality and environmental requirements.

But Lord Porter, chairman of the LGA, said the plan failed to give councils the powers they needed ‘to ensure homes with planning permission are built out quickly, with the necessary infrastructure, in their local communities’.

He said: ‘It is hugely disappointing that the Government has not listened to our concerns about nationally set housing targets, and will introduce a delivery test that punishes communities for homes not built by private developers.

‘Councils work hard with communities to get support for good-quality housing development locally, and there is a risk these reforms will lead to locally agreed plans being bypassed by national targets.

‘Planning is not a barrier to housebuilding, and councils are approving nine out of 10 applications.

‘To boost the supply of homes and affordability, it is vital to give councils powers to ensure homes with permission are built, enable all councils to borrow to build, keep 100 per cent of Right to Buy receipts and set discounts locally.’

In a written ministerial statement Mr Brokenshire told the Commons that the NPPF ‘provides greater certainty for local authorities in the decision-making and planning appeals processes’, adding: ‘A new Housing Delivery Test will also measure delivery of homes, with consequences for under-delivery.’

The British Property Federation said it welcomed the test.

Ian Fletcher, its director of real estate policy, said: ‘This will provide a consistent measure against which different local authorities’ performances can be compared.

This is the way that the Government will deliver on its housing promises, and as importantly, cater for a generation that wants to have a home to call their own.’

http://www.dailymail.co.uk/news/article-5987591/Council-chiefs-claim-planning-overhaul-developers-charter.html

New National Planning Policy Framework – effective from TODAY

Very rushed so there must be a great number of controversial changes!

Report to follow.

https://www.gov.uk/government/collections/revised-national-planning-policy-framework

“More than half of homeless families in work, says Shelter”

“More than half of families living in temporary accommodation in England are in employment “working every hour they can”, says housing charity Shelter.
Its analysis suggests 55% of families (33,000) living in temporary digs were also working in 2017 – up 73% on 2013.

The charity blames a mix of expensive private rents, a housing benefit freeze and a chronic lack of social housing.

The government said it was investing £1.2bn to support homeless people.
Temporary accommodation is the property offered to people by local authorities after they have been declared without a permanent home.
“The link between an income and a job, which used to be enough to secure a home, is just completely breaking down in the housing market,” Greg Beales, Shelter’s director of policy, told BBC Breakfast. …”

https://www.bbc.co.uk/news/education-44904638

The Great Council House Funding Con!

Councils have warned that a £2bn funding pot finally made available to them will not be enough to deliver the new generation of council homes promised by Theresa May. Their message comes as the first ever social housing green paper by a Conservative government is expected to be published this week.

Local Government Association chair, Lord Porter, the Conservative leader of South Holland District Council, Lincolnshire, said he would not be able to build enough council homes to meet local demand because the government was only offering 166 councils extra borrowing capacity and additional funding for social housing.

“I’m building petty cash numbers. I need about 200 a year and I’m not even building 20. It means I’ve got a bunch of people sitting on a waiting list,” he said. “You have to be in the crappiest life circumstances in my area to access a council house. That should not be the case. If you don’t earn a lot of money, you shouldn’t have to rent in the private sector, where rents will be double what they are in the social sector.”

The green paper, still expected before parliament breaks for the summer this week, and May’s pledge at last year’s Conservative conference that she wanted to build a new generation of council homes, have raised hopes that government would free councils to build at scale again.

Streets in the sky … the Sheffield high-rises that were home sweet home
The latest figures show that social house building has hit a new low, with only 5,900 homes completed in 2017 – the lowest proportion of overall housing supply since records began. In 2011 nearly 40,000 socially rented homes were built in England.

Porter said the Treasury was unlikely to allow councils to borrow against existing housing, termed “sweating”. “We can’t borrow against our own stock, which is insane. We are sitting on hundreds of billions of pounds in assets that are un-sweated,” he said.

Councils have lost around 100,000 socially rented homes since 2012 through right-to-buy sales and conversions to much higher affordable rents, according to research by the Chartered Institute of Housing. …”

https://www.theguardian.com/society/2018/jul/21/may-2bn-council-housing-pledge-not-enough-council-leaders-warn