Fund cap 'creates homes crisis'
Monday 11 March 2013
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EmailUp to 60,000 new homes could be built over five years if government lifted the cap on borrowing for house-building were removed, England's councillors warned yesterday.
Town hall leaders said they were eager to kick-start the housing market into action as it would help boost the economy by 0.6 per cent.
Local Government Association housing board chairman councillor Mike Jones said: "If government is serious about building new homes, it should unlock the potential of councils to play their part in tackling the housing shortage.
"Many of the recent attempts to breathe life into the struggling house-building industry have failed to recognise that the main obstacle to a recovery hasn't been a lack of willingness, but a lack of money."
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