Councils being saddled £31.8 billion in debt is stopping them from building social housing. And without a significant increase in social housing, housing will continue to be unaffordable and levels of homelessness will continue to rise.
We're in a bizarre position where councils are spending huge amounts of their money on Housing Revenue Account debt to the Treasury rather than on building new social homes.
That’s why we’re calling on the government to cancel this debt; to unlock councils' ability to build hundreds of thousands more decent social homes that everyone can afford.
A coalition of over a hundred councils agree that this would help them deliver more social homes. But we need more councils to call on government to make this happen.
Please, email your councillors today and ask them to sign our open letter to the Chancellor so we can get councils building social homes again.