Housing Revenue Account History

Local authorities with housing stock are required to record all income and expenditure in relation to these dwellings in their housing revenue account hra.

Housing revenue account history. Housing revenue account funding for the provision of local authority social housing has for many years been managed at national level under a system called the housing revenue account subsidy. Isbn 978 1 4098 4819 6 pdf 222kb 4 pages this file may not be suitable for users of assistive technology. So today i can announce that we are scrapping that cap. Housing revenue account hra budget strategy 2021 22.

On management and maintenance of the housing stock on the housing element of their hras i e. Until april 2004 local housing authorities whose income e g. Full details of the issue housing revenue account quarter 2 finance report 2014 15. The welsh local government association together with local authorities in wales pressed for many years for the housing revenue account subsidy system to be brought to an end.

Housing revenue account accounting practices directions 2016 ref. It doesn t make sense to stop councils from playing their part in solving it. Housing revenue account hra medium term financial strategy. In june 2013 the welsh government and the uk treasury finally reached agreement on the terms under which the eleven local authorities in wales with housing stock could.

There is a government cap on how much they can borrow against their housing revenue account assets to fund new developments. 05 11 2020 housing homelessness and fair work committee housing revenue account hra budget strategy 2021 22 05 11 2020. Solving the housing crisis is the biggest domestic policy challenge of our generation. Meetings approval of latest financial assumptions for the hra financial forecasts of any in year budgetary changes for the hra and of the approach to setting the budget for 2019 20.