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Councils Must Resume House Building Role, Says Lga

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http://www.local.gov.uk/web/guest/media-releases/-/journal_content/56/10180/7910317/NEWS

The LGA, which represents more than 370 councils in England and Wales, is calling on new ministers to take urgent steps so councils can resume their historic role as a major builder of new homes and help tackle the nation's deepening housing crisis.

To spark a revitalisation of council house building, the LGA is calling on government to allow councils to:

  • Borrow to invest in housing in the same way that they are able to borrow to invest in other projects;
  • Keep 100 per cent of the receipts from properties sold through Right to Buy to build new homes;
  • Combine Right to Buy receipts with other funding, to use receipts to build through housing companies, and to count the value of council land in building replacements.

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