‘Reform RTB to get new homes built’
Desperately needed new social homes could go unbuilt unless the time that councils are given to spend money from Right to Buy sales is extended from three to five years, the LGA has warned.
Desperately needed new social homes could go unbuilt unless the time that councils are given to spend money from Right to Buy sales is extended from three to five years, the LGA has warned.
Tenants have received discounts of nearly £5 billion to help purchase their council homes under the Right to Buy (RTB) scheme since the size of the discount was increased in April 2012, according to new LGA analysis.
Councils are approving new homes but need more powers and funding to play a lead role in tackling the national housing shortage.
The Government has launched a consultation over its First Homes scheme, which proposes to cut the cost of some new homes by a third for first-time buyers.
The local housing allowance (LHA) freeze has been reversed as part of the Chancellor’s £7 billion investment in the welfare system, aimed at protecting jobs and incomes during the coronavirus outbreak.
For three years, the Right to Build Task Force has been advising local authorities on creating more custom and self-build housing.