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Council Housing Finance Reform: Navigating Rules and Regulations

Explore the latest updates and considerations in council housing finance reform, covering ministerial powers, borrowing cap, regulation, government rent policy, debt management, and more. Get insights on key challenges and future directions.

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Council Housing Finance Reform: Navigating Rules and Regulations

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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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