Saturday, 31 July 2010

Welsh instigate housing finance review

18 November 2009 | By Emily Twinch

The Welsh Assembly Government is looking to change the way social housing is funded and rents are set in the country.

Deputy housing minister Jocelyn Davies announced two reviews yesterday, following on from last year’s Essex Review into the best way to deliver more affordable housing in Wales.

One review will assess how council housing income is managed through the housing revenue account and housing revenue account subsidy regime, the other will examine Welsh Assembly Government policy for setting social rents.

Ms Davies said: ‘It is important that we look at the financial mechanisms that support our commitment to provide new affordable housing.

‘I am delighted that we are taking forward the important work of the affordable housing review which I commissioned in 2007 to help us deliver 6,500 extra affordable homes by April 2011.’

A number of social housing organisations have been asked to be involved in a joint steering group that will lead the reviews.

Both reviews will compare policies in Wales with those in other parts of the UK, and assess the implications of the review of council housing finance taking place in England.

When the reviews are completed next year, they are expected to provide options for reforming social rent policies and to suggest how to reform the housing revenue account.

Readers' comments (1)

  • huw | 18/11/2009 5:36 pm

    Hopefully the review will support the findings of the latest House of Commons report 'Council Housing:Time To Invest' which rejects stock transfer and calls instead for the fair funding of council homes.
    Huw
    Neath

    Unsuitable or offensive? Report this comment

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