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Scrapping the borrowing cap is the first really big win for housing campaigners in a long time. But to turn it into the mass council housebuilding programme needed to actually solve the crisis, we need to push on more key demands. 1/
First, ending the right to buy - if the government's figures are right, then even with the removed cap, right to buy means we will still have a net loss of c. 2k council homes every year. Scrapping the cap won't even help us hang on to what we have got.
Second, big increase in central government funding (grant) for specifically social rented homes. Social housing pays for itself in the medium term, through rents and reduced housing benefit. But for large scale social rented housebuilding programme needs upfront capital now.
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