Collection

Additional housing revenue account borrowing programme

Documents related to the additional housing revenue account borrowing programme, inviting local authorities to bid for additional borrowing to build new council housing.

This collection was withdrawn on 30 October 2018

This policy is no longer being taken forward. The housing revenue account borrowing cap has been lifted as of 29 October 2018.

• From: Ministry of Housing, Communities & Local Government and Homes England
• Published: 26 June 2018

The government has announced that it will raise the housing revenue account borrowing cap by a total of up to £1 billion in areas of high affordability pressure for local authorities who are ready to start building new homes.

Local authorities will be able to bid for increases in their caps from 2019 to 2020, up to a total of £1 billion by the end of 2021 to 2022. The programme will help to deliver an increase in council housebuilding.

A prospectus inviting eligible local authorities to bid for additional borrowing under this programme was launched on 26 June 2018, along with instructions to local authorities about the bidding parameters.

Bids from local authorities must be submitted using Homes England’s online bidding platform, which will be available shortly.

The deadline for submitting bids is 30 September 2018.

Published 26 June 2018