council housing finance reform
DESCRIPTION
Council housing finance reform. Sponsored by. Council housing finance reform. Sponsored by. Ian Doolittle. Partner Trowers & Hamlins. The rules. Ministerial powers Reopening the settlement The Borrowing Cap Regulation The ring fence. The resources. - PowerPoint PPT PresentationTRANSCRIPT
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Council housing Council housing finance reformfinance reform
Sponsored by
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Council housing Council housing finance reformfinance reform
Sponsored by
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Ian DoolittleIan DoolittlePartner
Trowers & Hamlins
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The rules
■ Ministerial powers ■ Reopening the settlement ■ The Borrowing Cap■ Regulation■ The ring fence
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The resources
■ Government rent policy – present and future ■ Increased allowances “incorporated”■ Disabled adaptations support■ Separate Decent Homes catch-up funds
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The debt
■ ‘Payment’ (and ‘repayment’) authorities■ Public Works Loan Board – only?■ Bonds■ Bridging loans
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Borrowing
■ The cap – and headroom■ Notional debt windfall ■ New build and other exceptions■ Looking ahead
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Disposals
■ Statutory regime still applies■ New freedom - how helpful?■ Trickled voids■ RTB receipts
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LSVT
■ Financial comparability with self-financing■ “Taxation impacts” – VAT?■ “Rigorous VFM assessment”■ Tenants’ “Right to Transfer”■ New guidance promised
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Estate or “special” transfers
■ Areas/types of property - n.b. sheltered schemes■ Ballots?■ RPs’ involvement■ Special vehicles?■ Trickling voids?
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Asset management
■ No incentives now to keep “wrong” stock■ Keeping receipts – n.b. resolutions■ Freedom to dispose without CLG consent?
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ALMOs
■ Increased pressure■ Settlement is “ALMO blind”■ Governance support?■ Refashioning the relationship
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PFI - type structures
■ Fee available - semi-assured■ Securitisation?■ Enough headroom?■ Servicing debt
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Outsourcing
■ A defined business ■ Benefits from external competition?■ Joint housing management and repairs/ maintenance
packages?
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Council housing Council housing finance reformfinance reform
Sponsored by