Funding for building new council housing has always included borrowing, usually from the government's Public Works Loans Board, at interest rates which are lower than commercial rates. The news that the government is ending the borrowing cap, i.e. the amount of borrowing which each council which owns housing stock is allowed, has been widely welcomed … Continue reading The limits of “borrowing to build”
News that the borrowing cap imposed on local authority housing revenue accounts (HRAs) is to be lifted was widely welcomed on the grounds that this would enable councils to borrow to build new homes. The media generally ignores the little question of who pays for the borrowing. Since the HRA is 'ringfenced' it is council … Continue reading Borrowing cap to be lifted
Included in the government's Social Housing Green Paper is a review of the Decent Homes Standard (see Note below). This has elicited a response from some quarters that improving standards will threaten council business plans. Inside Housing writes that “Local authority housing business plans could be rendered unsustainable if the government revises the Decent Homes … Continue reading Decent Homes Standard and the 2012 ‘debt settlement’
Stroud Council Leader, Doina Cornell, informs us that Stroud Constituency Labour Party has agreed to support our Appeal, calling on Labour to press the government to reopen the 2012 'debt settlement'.
Media Release Stop starving council housing of funds An Appeal to Labour to press the government to reopen the 2012 ‘debt settlement’ Swindon Tenants Campaign Group has initiated an Appeal (see PDF attachment) which calls on Labour to press the government to reopen the 2012 council housing ‘debt settlement’ and to cut the ‘debt’ councils … Continue reading Stop starving council housing of funds
Welcome to the new website of our Council Housing Debt Campaign initiated by Swindon Tenants Campaign Group. You can read our Appeal, see the list of supporting individuals and organisations, and read in more detail about how existing council housing is being starved of the funding it needs to maintain and renew homes to a … Continue reading Welcome