The government has abolishedthe Housing Revenue Account cap that controls local authority borrowing for house building in England, enabling councils to increase house building to around 10,000 homes per year, Chancellor Philip Hammond announced in his Autumn Budget.
The government has abolishedthe Housing Revenue Account cap that controls local authority borrowing for house building in England, enabling councils to increase house building to around 10,000 homes per year, Chancellor Philip Hammond announced in his Autumn Budget.
The Welshgovernment is taking immediate steps to lift the cap in Wales.
In September the government announced £2bn new funding in the Affordable Homes Programme to give some housing associations long-term funding certainty to 2028-29.
The Housing Infrastructure Fund, funded by theNPIF, will increase by £500m to a total £5.5bn, unlocking up to 650,000 new homes.
