Communities & LocalGovernment published a paper: ‘Implementing Self-Financing for Council Housing’on 1st February 2011. This paper contains the coalition government’s detailedproposals for the introduction of self-financing to the Housing Revenue Accountand follows papers issued by the former Labour government
The purpose of this paper isto summarise ‘Implementing Self Financing for Council Housing’.
The concept of self-financingand the main elements of the proposed system remain unchanged but there arechanges to the financial calculations and to some of the detailed proposals.
The paper addresses thefollowing matters:
The paper is accompanied by:
The paper was launched byGrant Shapps MP, Minister for Housing, who said that:
“Todaysignals a landmark in the freeing up of councils to successfully manage theirown housing stock for the benefit of their tenants. A change that has long beentalked about, but the Coalition Government is actually delivering.
“Our proposals for self-financing for councilhousing will:
For full briefing paper please click here.