Cllr Adam Hug, Housing spokesperson for the LGA, said:
“This is a meaningful step towards addressing the housing crisis we face and helping to deliver the social and affordable homes needed.
“The Government has rightly listened to the concerns of councils, and directly responded to the issues that the LGA has raised – relating to the need to strengthen the financial sustainability of Housing Revenue Accounts, reform Right to Buy, increase funding for social and affordable homes and support a council housebuilding revolution.
“Clarity on the future regulatory environment and related expenditure requirements for stock-holding councils is also essential to support long-term investment planning for both existing and new homes.”
ENDS