Labour’s plan to build lots more housing, especially social housing, set out in detail here. Pennycook also did a thread on BlueSky which provides a handy summary.
So, in summary (with links to relevant bits of the thread): £39bn for a 10-year plan, aiming for 300,000 homes of which 180,000 will be social housing. The £39bn includes skills training and low-interest loans for social housing providers.
They’re going to reform (not abolish, unfortunately) Right to Buy, so that homes are less discounted, tenants will have to wait longer before they can buy the homes, and those in new homes will have an even longer wait - 35 years before any of those 180,000 projected new homes can be bought under right to buy.
the downside I see is that after 35 years, the value of the area will go up incredibly (building stable communities has the tendency of raising property prices), and the actual tenants who want to buy the homes they’ve raised kids in will simply not be able to afford the homes. If the wait was maybe 15 years, then they might have a chance.
At the same time I can understand that making the waiting time period short could be potentially gamed
But only they will be eligible to buy them. So, either they get to buy them or they just get to stay. Win-win?
I genuinely hope that’s the case. I have some misgivings about another government coming in and stating otherwise, whilst giving some token concessions to the tenants who currently live there to clear out.
I don’t think R2B’s ever worked that way, it’s always been tenants only!