Housing Revenue Accounts

Ministry of Housing, Communities and Local Government written question – answered on 22nd March 2018.

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Photo of Heidi Allen Heidi Allen Conservative, South Cambridgeshire

To ask the Secretary of State for Housing, Communities and Local Government, when his Department plans to publish the (a) details of what constitutes high affordability and (b) criteria used in determining how support will be allocated under the Housing Revenue Account borrowing cap announced in Autumn Budget 2017.

Photo of Dominic Raab Dominic Raab Minister of State (Housing, Communities and Local Government)

At Autumn Budget, the Chancellor of the Exchequer announced that we will raise the Housing Revenue Account borrowing cap by a total of up to £1 billion in areas of high affordability pressure, for local authorities that are ready to start building new homes. Local authorities will be able to bid for increases in their caps from 2019/20, up to a total of £1 billion by the end of 2021/22. We will set out more details shortly.

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