Scrapping of HRA 'Provides More Secure Future for ALMOs'

The National Federation of ALMOs (NFA) has welcomed the Government's scrapping of the Housing Revenue Account subsidy for local authorities, adding that it provides a more 'secure future' for ALMOs across the country.  The decision represents a major victory for the NFA and follows a long campaign by the organisation for changes to the system of council house funding. The original idea for reform of the HRA system was proposed by the NFA in 2005 in a joint policy paper with the Chartered Institute of Housing and Housemark called ‘ALMOs – a new future for council housing’. Following housing minister Grant Shapps's announcement, plans for a new system will be introduced after the government’s comprehensive spending review in October that will “serve the needs of local communities without interference from Whitehall.” Read more on 24dash.