October 2024: Ahead of the Autumn Budget, councils and NFA members are urging government to create a sustainable financial framework for council housing as new analysis shows that council housing finances are in dire straits.
Savills research
24 July 2024: There is now simply not enough money in the system to run council housing properly, writes Megan Hinch, Policy and Practice Officer at the Chartered Institute of Housing. HRAs across the country are in a precarious position and CIH, with sector specialists Savills, have this month published a six-point plan to pull council housing accounts back from the brink of bankruptcy.
The funding pot used by local authorities to deliver housing services and building safety is likely to plunge into the red in the next two to three years, concludes a new report from housing consultants Savills published today.
March 2023: This report finds that the funding pot used by local authorities to deliver housing services and building safety is likely to drop into significant deficit in the next two to three years. The combined impact of rising prices, new regulation and four years of enforced rent cuts that ended only in 2020 have stretched the Housing Revenue Account – the ring-fenced money collected mostly from rents that councils are allowed to use for housing services – to the limit.
Research into expenditure within the Housing Revenue Account Read More »