Theresa May has announced an overhaul in council homes by promising measures to encourage the building of new social housing to help thousands of families.
The Prime Minister has said the Tories will “support the most ambitious councils” and housing associations to overturn the decline in social housing if she is re-elected next month.
In the last twenty years, the decline in local authority housebuilding has left England with a dwindling social housing stock as demand for housing has risen.
There are currently 300,000 fewer homes for social rent than 20 years ago and around 1.2 million families on local authority waiting lists for a social tenancy.
Mrs May said: “Whether you rent or buy, everyone needs the security of a place to call home but too many ordinary working families are stuck on council waiting lists, facing unaffordable rents and struggling to save for that first deposit.
“That’s why we will fix the broken housing market and support local authorities and housing associations to build a new generation of council homes right across the country.
“Giving tenants a new right to buy these homes when they go on the market will help thousands of people get on the first rung of the housing ladder, and fixed terms will make sure money is reinvested so we have a constant supply of new homes for social rent.
“It is part of my determination to build a better Britain our children and grandchildren are proud to call home and where everyone has the chance to get on in life.”
Under the deals, the Government would give councils and housing associations funding and make available housebuilding capability from the Homes and Communities Agency. Councils would be able to assemble land, including derelict buildings or unused pocket sites, more easily under reformed compulsory purchase rules.