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Housing Revenue Account Self-Financing

Published: 18/11/2014

Members have received an update on self financing for council housing at a meeting today (Tuesday 18 November), which could see Flintshire County Council spend £14m on new council homes. Changes to the financing arrangements for council housing in Wales will start from April 2015 and will provide every Flintshire tenant with an improved home as the Council is set to benefit from an extra £1million per year for housing services. In addition, work will be able to start to build much needed new council homes across the County. The Council will be holding a tenant and member workshop to discuss the significant changes in more detail and to consider proposals on how the Housing Revenue Account should be developed. Regular updates have also been provided at tenants’ conferences and to the Tenants Federation. Councillor Helen Brown, Cabinet Member for Housing said: The Housing Revenue Account will benefit from £1m additional revenue each year, providing additional resource for investment in tenants’ homes and achievement of the Welsh Housing Quality Standard by 2020. Each step in the process is bringing us nearer to building new council homes and construction could start early 2016.