Written Question·Ministry of Housing, Communities and Local Government·UIN 9718
Housing Revenue Accounts
Tabled: 17 October 2024
Answered: 23 October 2024
Named DayQuestion
Neil Coyle
Labour — Bermondsey and Old Southwark
To ask the Secretary of State for Housing, Communities and Local Government, if she will make an assessment of the potential impact of Housing Revenue Account borrowing on investment in council homes.
Answer
Matthew PennycookWe recognise the importance of borrowing for investment in new council homes. Local authorities have access to a preferential rate from the Public Works Loans Board to support housebuilding in the Housing Revenue Account. The preferential rate of gilts +0...
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