Housing Revenue Account Self-Financing
Members have received an update on self financing for council housing at a
meeting today (Tuesday 18 November), which could see Flintshire County Council
spend £14m on new council homes.
Changes to the financing arrangements for council housing in Wales will start
from April 2015 and will provide every Flintshire tenant with an improved home
as the Council is set to benefit from an extra £1million per year for housing
services. In addition, work will be able to start to build much needed new
council homes across the County.
The Council will be holding a tenant and member workshop to discuss the
significant changes in more detail and to consider proposals on how the Housing
Revenue Account should be developed. Regular updates have also been provided at
tenants’ conferences and to the Tenants Federation.
Councillor Helen Brown, Cabinet Member for Housing said:
The Housing Revenue Account will benefit from £1m additional revenue each
year, providing additional resource for investment in tenants’ homes and
achievement of the Welsh Housing Quality Standard by 2020. Each step in the
process is bringing us nearer to building new council homes and construction
could start early 2016.