Guidance

Additional housing revenue account borrowing programme: prospectus

Prospectus inviting local authorities in areas of high affordability pressure to bid for additional borrowing to build new council housing.

This publication was withdrawn on

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

Documents

Additional housing revenue account borrowing programme (2019/20, 2020/21, and 2021/22): prospectus for local authorities in England outside London

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Housing revenue borrowing programme 2019-2022 online submission guidance

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Housing revenue account additional borrowing programme 2019 - 2022: frequently asked questions (FAQs)

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Details

The government 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 that are ready to start building new homes.

Local authorities will be able to bid for increases in their caps between 2019 to 2020 and 2021 to 2022.

By focusing on areas of high affordability pressure we will be helping local authorities to build more of the right homes, in the right places, and ensuring that the housing market works for all parts of the community.

Published 26 June 2018
Last updated 6 September 2018 + show all updates
  1. The closing date for submitting bids to the programme has been extended from 7 September to 30 September.
  2. We have added the document Housing revenue account additional borrowing programme 2019 - 2022: Frequently asked questions (FAQs) document.
  3. Added online submission guidance for HRA.
  4. First published.