Monday, 2 December 2013

Councils Told To Fight For Stock Transfer Pot

Councils or tenant groups that want to take advantage of the government’s stock transfer programme may have to ‘fight’ for a share of the limited debt write-off budget. The CLG will provide a £400 million pot to clear any outstanding debt on the housing revenue account after the stock is sold. Salford, Durham and Gloucester councils hope to use the budget, which is only available until March 2015. Lewisham Council is also considering a move. Read more on Inside Housing.

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