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Council housing finance reform

Council housing finance reform. Sponsored by. Council housing finance reform. Sponsored by. Ian Doolittle. Partner Trowers & Hamlins. The rules. Ministerial powers Reopening the settlement The Borrowing Cap Regulation The ring fence. The resources.

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Council housing finance reform

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  1. Council housing finance reform Sponsored by

  2. Council housing finance reform Sponsored by

  3. Ian Doolittle Partner Trowers & Hamlins

  4. The rules • Ministerial powers • Reopening the settlement • The Borrowing Cap • Regulation • The ring fence

  5. The resources • Government rent policy – present and future • Increased allowances “incorporated” • Disabled adaptations support • Separate Decent Homes catch-up funds

  6. The debt • ‘Payment’ (and ‘repayment’) authorities • Public Works Loan Board – only? • Bonds • Bridging loans

  7. Borrowing • The cap – and headroom • Notional debt windfall • New build and other exceptions • Looking ahead

  8. Disposals • Statutory regime still applies • New freedom - how helpful? • Trickled voids • RTB receipts

  9. LSVT • Financial comparability with self-financing • “Taxation impacts” – VAT? • “Rigorous VFM assessment” • Tenants’ “Right to Transfer” • New guidance promised

  10. Estate or “special” transfers • Areas/types of property - n.b. sheltered schemes • Ballots? • RPs’ involvement • Special vehicles? • Trickling voids?

  11. Asset management • No incentives now to keep “wrong” stock • Keeping receipts – n.b. resolutions • Freedom to dispose without CLG consent?

  12. ALMOs • Increased pressure • Settlement is “ALMO blind” • Governance support? • Refashioning the relationship

  13. PFI - type structures • Fee available - semi-assured • Securitisation? • Enough headroom? • Servicing debt

  14. Outsourcing • A defined business • Benefits from external competition? • Joint housing management and repairs/ maintenance packages?

  15. Questions and further information Ian Doolittle t +44 (0)20 7423 8415 eidoolittle@trowers.com

  16. Council housing finance reform Sponsored by

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