Housing Revenue Accounts
(asked on 17th July 2014) - View Source
Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Communities and Local Government, pursuant to the Answer of 15 July 2014, Official Report, column 617W, on housing revenue accounts, what criteria are used to assess bids for the allocation of extra borrowing allowed against the housing revenue accounts.
The prospectus for the Local Growth Fund: Housing Revenue Account Borrowing Programme (2015-16 and 2016-17) sets out how bids for additional housing revenue account borrowing are assessed. The prospectus is available on the Government’s website at:
The Government has announced £60 million additional Housing Revenue Account borrowing across fifteen local authorities and expects to make further funding announcements at the end of the summer. We have also announced that there will be a second round of bidding to the Housing Revenue Account Borrowing Programme with a deadline for bids of 30 September 2014.