Tuesday, 12 March 2013

25,000 Homes to Be Built Thanks To HRA Change

English councils will build up to 25,000 new homes in the next five years as a result of the freedoms that came with last year’s self-financing revolution. The figure, calculated for the first time, comes from a report by the Association of Retained Council Housing. The report will show that the end of the housing revenue account subsidy system, which allowed local authorities in England to keep rental income rather than pay it into a centralised pot, has sparked the first major wave of council building programmes for a generation.  Read more on Inside Housing.

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