Tens of thousands of social rented homes will vanish by 2020 unless councils are given beefed-up powers to build houses, town halls chiefs warn today.
At least 80,000 council and housing association homes are set to disappear without an overhaul of the system, the Local Government Association says.
It fears the £25billion annual housing benefit bill will rocket by £210million within four years as more families move into the more expensive private rented sector.
The LGA predicts the housing crisis will intensify as 66,000 council homes are sold to tenants under existing Right to Buy rules, with “complex rules and restrictions” making it difficult for councils to build replacements.
Ah, no, we’re not. We’re going to change the ownership of extant structures, not destroy them.
So, that’s OK then.