Baroness Byford
Main Page: Baroness Byford (Conservative - Life peer)My Lords, I am sure that all noble Lords agree with me that councils have an obligation to manage their assets, and divesting themselves of some of their most expensive assets obviously allows them to invest in housing to that end. I will get back to the noble Lord on his point about rural housing.
My Lords, what size of holdings do local governments have on brownfield sites? Will this be made available to government departments as well? There must be many brownfield sites which could be used, which would save building on the very precious green belt.
It is estimated that there is £370 billion of assets in the public estate, of which £170 billion is owned by local authorities. We anticipate that, between private and public investment, we will be able to deliver 275,000 affordable homes by 2020.