The Communities and Local Government department has delayed the publication of responses to a consultation on reform of council housing finance. The deadline for responses to plans to dismantle the housing revenue account subsidy system was 6 July, and the CLG was due to publish these by the end of the month. It said ‘pressures of government business’ have prevented it from meeting this deadline, and is now promising an announcement on the way forward for HRA reform by early September. The previous government set out plans to scrap the HRA, which sees council housing revenues channelled through the Treasury and redistributed, in favour of a self-financing system. In return for this autonomy councils would be expected to take a share of £25 billion of debt. The coalition government has said it will stick with the Labour government’s timetable for HRA reform, but has not yet said what direction the reform will take. Read more on Inside Housing.
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