25 March 2010
Nationally, the bold new deal on council housing means councils can now keep all of the proceeds of social rents and council house sales. This will give councils some leeway to invest in building, improving and acquiring properties for social use. We desperately need more good quality, well managed and maintained council homes.
John told me that is a once and for all settlement seeking to bring council house funding into the 21st century. By giving local authorities the freedom to fund and run their council homes, without central Government subsidy, not a single penny from rents or sales will go to Whitehall and not a single penny will subsidize other councils as the current system dictates. The deal will release at least ten per cent more money in every council for maintaining and managing their homes. And it will create the funding capacity to build over 10,000 new council homes a year.