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Council Housing: Finance

Volume 504: debated on Thursday 28 January 2010

To ask the Secretary of State for Communities and Local Government with reference to the written ministerial statement of 30 June 2009, Official Report, columns 7-10WS, on housing, what the (a) housing debt and (b) servicing costs were in each of the 202 local authorities referred to in each of the last three years; and when he expects to conclude his review of council housing finance and the future of local council housing. (313118)

I have arranged for a table showing the level of notional housing debt, and associated assumed interest costs, for each local authority with housing stock for each of the three years 2007-08 to 2009-10, to be placed in the Library.

On 16 December 2009, I announced that the responses to the consultation on proposals for the reform of council housing finance showed overwhelming support for the principle of self-financing. I intend to make a further announcement in February which will confirm the progress we have made on self-financing and set out more details of the proposals. I also intend to publish a summary of responses to the consultation in due course.