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Meeting Londoners’ housing needs: Investing in housing infrastructure
Posted on: 5 December 2012
By: mackene
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Filed under: News
Up to 54,000 new homes in the capital could begin construction almost immediately if the government lifts an artificial cap on local housing authority borrowing, according to a new report by London Councils, the organisation which represents the capital’s 33 local authorities. It calls on the government to support an amendment (New Clause 10) to the Growth and Infrastructure Bill, which is currently making its way through parliament. At present, an artificial cap on borrowing mean that local authorities are not able to borrow against the full value of their housing assets to finance new homes.
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