Councils or tenant groups that want to take advantage of
the government’s stock transfer programme may have to ‘fight’ for a share of
the limited debt write-off budget. The CLG will provide a £400 million pot to
clear any outstanding debt on the housing revenue account after the stock is
sold. Salford, Durham and Gloucester councils hope to use the budget, which is
only available until March 2015. Lewisham Council is also considering a move.
Read more on Inside Housing.
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