New Council House Building Programme Set To Be Overwhelmed By Demand In London

The government’s programme to give councils extra borrowing capacity is set to be totally overwhelmed in London, with the majority of the capital’s town halls readying large bids. Ministers have agreed to give councils in areas of “high affordability pressure” across England £1bn of additional Housing Revenue Account (HRA) borrowing headroom, with half the money reserved for those in the capital. Of the 28 London boroughs with HRAs, all but seven confirmed they are intending to bid by the 30 September deadline. Inside Housing understands that two local authorities alone are gearing up to request around £350m between them. Read more on Inside Housing.

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Housing Revenue Accounts – Parliamentary Written Answer

Justin Madders: To ask the Secretary of State for Housing, Communities and Local Government, pursuant to his Answer of 6 July 2018 to Question 160268 on Housing Revenue Accounts, how many of the 104 eligible authorities are in the (a) South East, (b) North West, (c) east of England, (d) West Midlands, (e) South West, (f) Yorkshire and the Humber, (g) East Midlands and (h) North East.

Kit Malthouse: Of the 104 local authorities with a Housing Revenue Account that are eligible to bid for the additional borrowing programme: (a) 29 are in the South East, (b) 4 are in the North West, (c) 20 are in the East of England, (d) 5 are in the West Midlands, (e) 11 are in the South West, (f) 3 are in Yorkshire and the Humber, (g) 2 are in the East Midlands, (h) 1 is in the North East

http://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2018-07-06/161562