House of Lords
- The nation is facing a housing crisis. Dealing with the crisis is vital if we are to ensure that all residents are able to benefit from economic growth. Everyone needs a home that is affordable, good quality and is well-supported by local services and infrastructure. Councils must be part of the solution to providing more homes in the right places.
- The country needs to build 250,000 homes a year to keep up with demand. The last time housebuilding reached this level, in the 1970s, local government built around 40 per cent of them. Bold new action is needed to solve our housing crisis and a renaissance in house building by councils must be at the heart of this.
- Ahead of the autumn budget we are calling on the Government to re-establish self-financing from 2020, lift the housing borrowing cap, and to provide a sustainable long-term financial framework for councils to invest in new homes, of all tenures, through Housi