Council Housing: Subsidies
(asked on 17th March 2016) - View Source
Question to the Department for Levelling Up, Housing & Communities:
To ask Her Majesty’s Government what is the level of subsidy from the public purse provided for council housing.
Answered by
Baroness Williams of Trafford
Captain of the Honourable Corps of Gentlemen-at-Arms (HM Household) (Chief Whip, House of Lords)
This question was answered on 24th March 2016
Local housing authorities do not receive subsidy from the Exchequer; the Localism Act 2011 abolished Housing Revenue Account Subsidy.
The Housing Revenue Account Self-Financing Determinations published in 2012 provided a once and for all settlement that allows local housing authorities in England to keep all their rental income in return for a rebalancing of housing debt.