£25 Billion Reform Would Leave Councils with ALMOs Better Off

Councils with ALMOs could see their collective housing debt fall by more than £5.3 billion under proposals for reform of the housing finance system. Analysis of the government’s proposals by consultancy HQN found councils with ALMOs would see their collective housing debt fall by 34 per cent from a total of £15.98 billion to £10.59 billion. But 27 ALMO authorities would see their debt rise. Councils that manage their homes would see their housing debt rise by 164 per cent, from a total of £5.5 billion to £14.5 billion. Read more on the Inside Housing website.