Source · Select Committees · Housing, Communities and Local Government Committee
Recommendation 9
9
At their peak, local authorities contributed over 40 times as many home completions per year...
Conclusion
At their peak, local authorities contributed over 40 times as many home completions per year as they do now, but the homebuilding landscape has fundamentally changed since then and we consider those former levels of local government homebuilding will be practically impossible to return to. We support MHCLG’s stated goal of supporting local authorities to increase their homebuilding, including through the Social and Affordable Homes Programme and by encouraging borrowing for homebuilding through the discounted Housing Revenue Account rate of borrowing from the Public Works Loan Board. (Conclusion, Paragraph 57)