Under the Housing and Planning Act 2016 local authorities
are expected to pay a levy to government which they make up through selling
their most valuable homes when they become vacant. The policy was intended to
fund an extension of the Right to Buy to housing association tenants. However, there have been few recent
announcements on the levy, leading councils to warn that the resulting
uncertainty is making it difficult to form Housing Revenue Account (HRA)
business plans. Mr Javid has now revealed that “local authorities will not be
expected to make a payment in 2017/18 or in 2018/19”. Read more on Inside
Housing.
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