Let's get building!
Published by Nicola Mileham for Stockport Homes in Housing and also in Communities, Local Government
Hopes carr new build development
Stockport Homes is supporting a call by five leading UK housing organisations urging the Government to allow councils to finance the building of 60,000 much needed new homes over five years.
In the ‘Let’s Get Building’ report, there is ‘a golden opportunity’ to tackle the housing crisis, stimulate the economy and create jobs.
Mark Hudson, Director of Technical Services at Stockport Homes commented:
We have built 151 new homes and with a further 71 planned for next year, building new homes is integral to Stockport Homes’ and local residents’ futures. The new homes have also played a crucial role in the Stockport town centre regeneration project.
The report explains a strong case for economic stimulus, with the construction sector’s massive spare capacity making it very well placed to respond. It says that 92p out of every £1 spent on building stays in the UK and that 56p of this returns to the Exchequer - with 36p of that bringing direct savings in tax and benefits.
Councils and arm’s length management organisations (ALMOs) want to help, but ‘the stumbling block’, says the report, ‘is the centrally imposed debt ceiling on councils which prevents them from releasing the capacity tied up in their housing stock.’ The report argues local authorities need more freedom to play a leading role in providing new homes, and is calling for the Government to unlock the potential of local authorities to build, by removing an unnecessary borrowing cap.
Sue Roberts MBE, Chair of the NFA said:
“It is universally accepted that Britain needs more houses and in council and affordable housing in particular, the demand is acute and growing. We need workable solutions that deliver results quickly. We believe this report presents a compelling case for action and we urge the Government to respond positively to our proposals and recommendations.”
Notes for Editor:
1. Report published by:
NFA - National Federation of ALMOs www.almos.org.uk
The National Federation of ALMOs is the trade body that represents the interests of the 54 arms length management organisations (ALMOs) across England.
2. The report has been published in association with the Chartered Institute of Housing (CIH), the Local Government Association (LGA), the Association of Retained Council Housing (ARCH) and supported by the Councils with ALMOs Group (CWAG).
3. For a full copy of the report visit http://www.almos.org.uk/document?id=5300
4. For further information please contact:
Marketing & Communications Manager
Tel: 0161 474 2863