New powers to borrow and invest in housing look set to be used by the majority of councils but further reforms are needed to spark a genuine renaissance of social housing, a survey by the Local Government Association reveals.
Councils’ ability to replace homes sold under Right to Buy will be all but eliminated within five years without major reform of the scheme, new analysis from the Local Government Association reveals today.
The Local Government Association, which represents 370 councils in England and Wales, is warning that the Right-to-Buy scheme has become unsustainable and risks becoming a thing of the past unless councils are given the powers to set discounts locally and replace every home sold.
More than 150,000 of the most affordable rented homes have been lost across England in just five years, according to analysis from the Chartered Institute of Housing.