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Most councils set to make use of HRA borrowing powers

0
  • by Editor
  • in Uncategorized
  • — 14 Mar, 2019

Nine in ten councils are considering increasing their housing output following the removal of the housing revenue account borrowing cap.

The cap was removed following a promise by prime minister Theresa May at last year’s Conservative Party conference.

According to a survey by the Local Government Association, a further 5% of councils say they are likely to consider building more over the next five years.

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