Natalie Elphicke OBE, Chief Executive of the Housing & Finance Institute, writes for Inside Housing.
"This week's announcement to lift the borrowing cap will give some councils greater financial freedom to build new homes.
"That has been widely welcomed. However, the Housing Revenue Account (HRA) borrowing cap announcement applies to about half of local councils, those who own their own housing stock, and not all councils. So more needs to be done.
"In our work we see councils that are actively involved in housing delivery for a host of reasons – some councils are securing new long-term homes for families currently housed in insecure short-term private renting or for people who are homeless..."
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