Council Housing: Finance - PWA

Austin Mitchell: To ask the Secretary of State for Communities and Local Government if he will bring forward proposals to permit local authorities which retain their housing stock to retain (a) rent revenues and (b) Right to Buy proceeds from that stock for the purposes of funding regeneration or new build projects.
Andrew Stunell: The Government are committed to reviewing the unfair Housing Revenue Account subsidy system. As part of this review we will consider responses to the consultation on a devolved council housing finance system that closed on 6 July. The consultation included proposals for local authorities to retain rents and right to buy receipts.