Andy Pack tells Room 151 his views on the Government’s announcement to scrap the HRA cap.
This is an opportunity for those housing companies looking to balance returns with the provision of social and affordable housing.
At the moment, they have to attract a registered provider, many of whom have their own development programme and might struggle to get involved. And if they do, the negotiations could be protracted.
Now, the councils can buy the housing through the HRA, and get involved at an earlier stage. This could increase the pace and potentially the amount of affordable housing these vehicles are delivering.
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