A briefing paper examined the housing revenue account subsidy system, and considered some of the ongoing issues associated with it.
Source: Wendy Wilson, The Reform of Housing Revenue Account Subsidy, Standard Note SN/SP/4341, House of Commons Library
Links: Briefing paper
Date: 2010-Dec
A summary of responses was published to proposals (put forward by the former Labour government in March 2010) for reforming council housing finance.
Source: Council Housing: A Real Future – Summary of Responses to the Consultation, Department for Communities and Local Government
Links: Consultation responses | Consultation document
Date: 2010-Nov
A paper examined the impact of central government grants on local house prices in England from 2001 to 2008. It was found that increases in grants to a local authority mainly benefited better-off property owners (home-owners and absentee landlords) in the area concerned. House prices also responded more strongly in locations in which new construction was constrained by physical barriers.
Source: Christian Hilber, Teemu Lyytikainen and Wouter Vermeulen, Capitalization of Central Government Grants into Local House Prices: Panel data evidence from England, Discussion Paper 57, Spatial Economics Research Centre/London School of Economics
Links: Paper
Date: 2010-Sep
A report examined potential methods for improving housing delivery. It outlined four categories of possible interventions: encouraging institutional investment; creating innovative finance mechanisms, delivery structures, and investment vehicles; and maintaining the momentum of existing activities.
Source: Gareth Evans, Joe Huxley and Alexandra Notay, Exploring the Future of Housing Investment in the United Kingdom, Urban Land Institute/Homes and Communities Agency
Links: Report | HCA press release
Date: 2010-Sep
A briefing note examined the housing revenue account subsidy system and some of the issues associated with it. (Local authorities in England with housing stock are required to record all income and expenditure in relation to these dwellings in their housing revenue account.)
Source: Wendy Wilson, The Reform of Housing Revenue Account Subsidy, Standard Note SN/SP/4341, House of Commons Library
Links: Briefing paper
Date: 2010-Apr
The government began consultation on detailed proposals (following a consultation in 2009) for reforming council housing finance in England. The objective was to dismantle the housing revenue account subsidy system, and to replace it with a devolved system of responsibility and funding for council housing.
Source: Council Housing: A Real Future – Prospectus, Department for Communities and Local Government
Links: Consultation document | Consultation responses | Hansard | CIH press release | LGIU press release | CIPFA press release | Guardian report
Date: 2010-Mar
