Major changes to the housing finance system will lead to better management as more authorities see their homes as an asset, Conservative council leader Stephen Greenhalgh has told housing professionals. Councillor Greenhalgh, leader of Hammersmith and Fulham Council, set out his view of the abolition of the housing revenue account (HRA) subsidy system next April, and said it would mean less direction from Whitehall as councils decide how they spend rent receipts. “Virtually every aspect of council housing is driven from the centre,” he told the Chartered Institute of Housing conference in Harrogate. Under self-financing, councils could set rents in line with local markets. “We are going to see better management,” he added. “We can attract investment and make local decisions about the level of debt we carry and the rents we charge.” Read more on the CIH website.
No comments:
Post a Comment