Next month’s budget must let Councils ‘take back control’
of their housing assets and revenue by committing to the principles of HRA
self-financing for council housing, a new paper says. The paper sets out key
asks on allowing councils to lift the HRA debt caps for new build purposes and
relying instead on prudential borrowing rules to enable investment in new homes
– paid back from rental income. Where government can’t or won’t commit, the
paper offers a get out option – approve a number of bespoke deals as quickly as
possible to create a group of “market leaders” who could share experience and
good practice with others. Read more on the ARCH website.
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