Laura Sharman 16 November 2017

Government to write off millions of housing associations' debt

The Government is expected to wipe off around £60m in debt from housing associations in a bid to deliver more social housing.

In a speech later today, communities secretary Sajid Javid will confirm the Government will take housing associations’ debt off the balance sheet. He will say this will provide a more stable environment for them to build more homes.

He will say: ‘Our Housing White Paper in February set out our broad vision. It described the scale of the challenge and the need for action on many fronts. Since then we’ve been putting it into action, laying the foundations for hundreds of thousands more homes.

‘But there are many, many faults in our housing market, dating back many, many years. If you only fix one you’ll make some progress, but not enough. This is a big problem and we have to think big.’

The prime minister will also use an appearance later today to pledge that it is her personal mission to ‘build more homes, more quickly’.

SIGN UP
For your free daily news bulletin
Highways jobs

Storytelling and Case Studies Officer

London Borough of Richmond upon Thames and London Borough of Wandsworth
Starting Salary from £43,545 FTE based on Skill
Job Title Storytelling and Cas... Wandsworth Town Hall/hybrid
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Head of Housing Development

London Borough of Richmond upon Thames and London Borough of Wandsworth
UP to £116,847
Job Title- Head of Housing Development Salary – UP to £116,847 Permanent – Fulltime (36hours) Location- Wandsworth Town Hall, London Are you experienced in Local Government Housing Association/Development? If yes, you are invited to consider th Wandsworth, London
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Chief of Staff

Borough Council of King's Lynn and West Norfolk
up to £126,615
We’re transforming services with ambition and community at the heart of our work. Norfolk
Recuriter: Borough Council of King's Lynn and West Norfolk

Director of People

Lancashire County Council
£108,697 - £117,998
As a leader at Lancashire County Council, you’ll join an authority with real scale, courageous ambition and deep pride in place. County hall
Recuriter: Lancashire County Council

Director of Strategy and Transformation

Lancashire County Council
£108,697 - £117,998
As a leader at Lancashire County Council, you’ll join an authority with real scale, courageous ambition and deep pride in place. Preston, Lancashire
Recuriter: Lancashire County Council
Linkedin Banner