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Housing: Finance

Volume 467: debated on Thursday 15 November 2007

To ask the Secretary of State for Communities and Local Government what progress is being made on the self-financing Housing Revenue Account pilot scheme; and if she will make a statement. (162016)

Modelling work by a group of local authorities and arms length management organisations has identified potentially significant benefits from allowing some local authorities to leave the Housing Revenue Account subsidy system. This is however a complex matter and any changes must not disadvantage those councils who depend on the redistributive system to subsidise their housing services. The Housing Green Paper, ‘Homes for the future: more affordable, more sustainable’, published in July, confirmed that we would set out our conclusions and next steps in the autumn.