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ARCH annual report


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Prospectus for £1bn HRA headroom expected soon 11/05/2018 Labelled as Development, Finance

MHCLG officials have indicated that the prospectus for applications for additional HRA borrowing headroom is expected "soon".


It is understood that the long awaited prospectus for applications against the additional £1bn borrowing headroom announced in the Autumn Budget will be issued alongside the prospectus for the further £2bn of funding in the Affordable Housing Programme (AHP) for social rented housing announced by the Prime Minister at the Conservative Party conference on 4 October 2017.


ARCH has also urged MHCLG officials to publish the promised consultation on RTB flexibilities alongside the prospectus for the additional borrowing headroom to enable councils to have a full understanding of the likely resources available to them through HRA borrowing, the AHP and RTB receipts in order to effectively plan their new build programmes.

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