A government-commissioned report into council house
building will recommend councils form companies to build off-balance sheet and
increase joint working. Keith House, leader of Eastleigh Borough Council and
co-author of the report, told Inside Housing it would recommend ways councils
could access further borrowing power without the government lifting caps on the
housing revenue account (HRA). He suggested council-owned companies could be
one way of achieving this. Setting up a company allows the council to borrow
from the public works loan board at low rates without breaching its HRA cap.
Read more on Inside Housing.
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