100 UK councils warn of a £2.2bn council housing budget shortfall by 2028, urgently seeking £644m funding and policy reforms.
One hundred UK councils warn of a projected £2.2 billion shortfall in council housing budgets by 2028, attributing the crisis to the previous government's failure to honor a 2012 rental income agreement. They urgently seek a £644 million funding boost to stabilize housing accounts and prevent delays in new home investments. The councils also advocate for a sustainable Housing Revenue Account model and reforms to right-to-buy policies. The government acknowledges the crisis and plans to provide further support.
September 02, 2024
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