Housing Revenue Accounts
The question
To ask the Secretary of State for Housing, Communities and Local Government, what assessment he has made of the potential impact of the Housing Revenue Account freeze on local authority finances.
Answered by Matthew Pennycook
There has been no freeze on the Housing Revenue Account since the social housing rent reduction policy between 2016 and 2020.
For steps the government is taking to support the sustainability of the Housing Revenue Account, I refer the hon. Member to the Written Ministerial Statement made on 2 July (HCWS771).
The government has today announced further measures to support local authorities to build more social and affordable homes, including confirmation of our approach to Social Rent convergence. Details can be found in the Written Ministerial Statement (HCWS1283).
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