(4 years, 8 months ago)
Commons ChamberThe new affordable homes programme, which we announced yesterday, will be over £12 billion. We have not yet finalised the details, but will set them out shortly. They will show the proportion of those homes that will be for different tenures, from shared ownership and affordable rent to social rent. We want a significant increase in the number of those homes in the social rent category. I hope we can make a positive announcement on that shortly, when we have finalised the details, having spoken to and listened to the sector.
I am very sympathetic to the argument that my hon. Friend has made in the past about properties that are not eligible for right to buy and, indeed, about some councils and housing associations that are making it more difficult. I would like to work with him to take action on that. We need to ensure that the Mayor of London, Sadiq Khan, takes housing seriously. As I have said before, we will never be able to meet our housing targets and ambitions as a country unless London pulls its weight, and I am afraid that at the moment we have a Mayor whose ambitions are way below what we should all be expecting at every level of the market. As long as he continues in place, which I hope is not for very much longer, the Mayor needs to get building in London.
The Secretary of State has just been talking about the delivery of homes for social rent, but I would like to ask him about the impact of two of his Government’s policies on the delivery of homes for social rent. The first is yesterday’s changes to the Public Works Loan Board when it comes to the delivery of homes for social rent by local housing companies. The second is the First Homes policy, which, because it is delivered through section 106 as it is currently designed, is likely to lead to a reduction in the production of homes for social rent by local councils. What is his response?
The hon. Lady will know as a follower of Treasury matters that what we announced yesterday in the Budget with reform of the Public Works Loan Board makes it cheaper for councils to borrow to invest in housing and regeneration. I hope that she will support the changes that we made. The changes we are making to the PWLB will make it harder for councils to waste money on speculative investments outside of their boundaries and get highly indebted, and make it easier to spend money on things that really matter. We have lifted the housing revenue account borrowing cap, and many councils across the country are responding to that and building council houses at a pace that we have not seen for many years, as was reflected in the statistics I gave earlier. We built more council houses last year than we have done for many years, and I hope that her local council in Oxford will do the same, if that is what she wishes.