Councils ‘Challenging’ Ministers After Exclusion From £1bn HRA Headroom Deal

Councils which worked with government to develop new funding flexibility for new homes have hit out at ministers after being excluded from bidding. Two councils that worked with government officials for more than a year to develop plans to allow councils to increase their borrowing capacity have said they were “disappointed” to discover they would not be allowed to bid for the fund. The government revealed last week that only councils where private rents are £50 more than social rents would be allowed to bid. This saw Sheffield, Stoke-on-Trent, and Newark and Sherwood councils excluded. Read more on Inside Housing.

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