Social housing is becoming increasingly important in Wales at a time of rising demand for affordable housing and constrained resources. Councils in Wales face significant challenges. The economic background is one of austerity. The United Kingdom government is ‘reforming’ the welfare system. The Welsh Government has introduced self-financed Housing Revenue Accounts and a new rent policy that includes the de-pooling of service charges. They have also abolished the ‘right to buy’. Councils (encouraged by the Welsh Government) are starting to build new council houses again. Business Planning and Risk Management are becoming increasingly important.
At the same time Welsh councils have strategic housing responsibilities including producing a housing strategy, supporting housing associations and administering housing benefits.
This book considers Welsh local authority housing finance.
It is designed for people who are not experts in housing finance, but who need to understand the basics and achieve an overview of what is going on in Wales. It is suitable for housing managers, tenant representatives, councillors and finance staff who have no experience of the Housing Revenue Account and others who realise that an understanding of housing finance can place them at an advantage!
It includes sections on:
It is not a technical guide and neither does it provide step by step instructions for people who need to prepare local authority housing accounts, subsidy claims or other returns.
It is designed to be a useful introduction and companion to this complex and important subject.
It contains 100 pages and was first published in 2019.