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ARCH annual report

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The ARCH annual report for 2015-16 is now available to view.

 

Download it here.

Councils plan 25,000 new homes 25/06/2013 Labelled as Development

Innovation_and_ambition250Over three quarters of the councils which still own housing are planning to build new homes. Under current artificial restrictions on council borrowing, numbers are likely to be limited to 20,000 to 25,000 homes over the next five years, but up to 60,000 more could be built if debt caps were removed and councils allowed to borrow up to the maximum they could safely afford to repay.

 

This is one of the main findings from a survey of stock-owning councils commissioned by ARCH, with the support of the Councils with ALMOs Group, HouseMark, the Local Government Association and the National Federation of ALMOs.  The survey was designed to assess the impact of self-financing, introduced from April 2012, which allowed councils to retain rent income in full and develop long term plans for their housing. Other findings include:

 

  • 95% of councils have chosen to increase rents in line with government guidelines to safeguard long-term investment in the stock;
  • Councils have begun to increase provisions for bad debts in anticipation of the impact of welfare reform;
  • Over the next 5 years councils will be investing at least £15 billion in their existing housing stock, an average of nearly £9000 per property.

 

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For further information please contact Matthew Warburton, ARCH Policy Adviser on 07951 056964 or email matthew.warburton@arch-housing.org.uk

 

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