London councils would be given a share of the Homes and Communities Agency’s budget in plans being drawn up by Boris Johnson and the Government. In the week running up to the election the Tories announced the HCA’s London operation - due to invest £1.25bn a year until 2011 - would come under control of the Greater London Authority. Plans being discussed by the Mayor of London and Communities and Local Government department would see the capital’s local authorities receive a share of the budget in exchange for a promise to provide an agreed number of homes. In some cases, councils would be able to borrow against their budget share to increase their sources of finance. Strategic decisions about the capital’s housing needs would be made by the HCA under control of the Greater London Authority. Read the full story on the Inside Housing website.
No comments:
Post a Comment