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29 Apr 22
Nottingham City Council will terminate a contract with a subsidiary company managing its housing stock, after an external investigation found it misspent millions of pounds of authority funding.
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15 Dec 21
Nottingham City Council has issued a Section 114 notice over the “unlawful” use of almost £16m of funds which should have been allocated for housing.
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7 Dec 21
An accounting blunder saw Nottingham City Council mistakenly credit almost £16m of housing funding to its general fund rather than its housing revenue account, it has emerged.
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16 Jul 20
Councils borrowed £875m for housing projects in March from the Public Works Loan Board after the introduction of a special rate for housing revenue account projects in the Budget.
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29 Nov 19
The government must remove the hurdles it has set down if it is serious about tackling the escalating housing crisis London is facing, writes Lewisham mayor Damien Egan.
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15 Mar 19
Nearly all housing stock-owning councils in England plan to take advantage of the Housing Revenue Account borrowing cap lift, analysis by the Local Government Association has revealed.
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19 Oct 18
Councils’ housing revenue account borrowing cap will be scrapped before the end of the month, the communities secretary has revealed.
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24 Oct 16
With developers and private landlords failing to provide enough suitable homes, councils are setting up housing companies to build homes of different tenures and costs
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11 Aug 16
Just 17% of council homes sold under the Right to Buy scheme in 2015-16 were replaced, an analysis by the Local Government Association has found.
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28 Jul 16
Councils should be reinstated as major builders of affordable housing to assuage the deepening housing crisis, a report by the Local Government Association has argued.
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14 Jul 16
The self-financing settlement offered to councils by government in order to increase council house construction has failed to live up to its promise, CIPFA and the Chartered Institute of Housing have...
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21 Jul 15
Chancellor George Osborne’s decision to cut social housing rents by 1% in each of the next four years will cost local authorities a total of £2.6bn in lost revenue, a study by the Local...
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14 Jul 15
Last week’s Budget saw George Osborne mount an audacious swipe at Housing Revenue Account funds. The impossible just got harder.
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1 May 15
Derby provides a case study in sustainable finance for social housing
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6 Nov 13
Don’t judge all local authorities by the small minority that have misused their housing funds. Borrowing caps should still be removed to allow councils to provide appropriate accommodation for...
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25 Sep 13
Some councils appear to be taking advantage of what they see as a loophole in the legislation regarding the Housing Revenue Account. But such attempts are not only morally wrong, they are legally...