Published June 2011
As the legislation to reform the Housing Revenue Account concludes its passage through Parliament the Smith Institute and PwC thought it would be useful to examine the opportunities and risks arising from the changes. In particular, to better understand the impact of the reforms over time and explore the extent to which a new self-financing regime could increase investment in affordable housing. The report suggests that under the Reforms councils could have control of over £300bn of rental income over the next 30 years and they could build up over £50bn of new investment capacity.
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