Guidance for housing authorities in England about rules for the housing revenue account and the payment of subsidy to support it.
This manual describes the statutory rules governing both the keeping of the housing revenue account and the payment of subsidy to support it. It applies to English housing authorities.
It also describes the policy behind these rules and explains their practical application.
Finally, it places the housing revenue account and subsidy arrangements in the wider context of public expenditure and the local government capital finance system.