Written question asked by Helen Morgan (Liberal Democrat) on Thursday, 12 September 2024, in the House of Commons. It was due for an answer on Thursday, 10 October 2024 (named day). It was answered by Matthew Pennycook (Labour) on Thursday, 10 October 2024 on behalf of the Ministry of Housing, Communities and Local Government.
Local Government: Borrowing
- Question
-
To ask the Secretary of State for Housing, Communities and Local Government, what assessment she has made of the potential merits of allowing Councils to borrow from the Public Works Loan Board at discounted rates in order to build homes for social rent.
- Answer
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Local authorities already have access to a preferential rate from the Public Works Loans Board to support housebuilding in the Housing Revenue Account. The preferential rate of gilts +0.4% is available until June 2025. The Government is committed to supporting councils to build their capacity and invest in new social rented homes.
Secondary information
- Type
- Written question
- Reference
- 5711
- Session
- 2024-26
- Registered interest declared
- Yes
- Subjects
- Construction Borrowing Local government Social rented housing Public Works Loan Board
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2025-09-05 17:19:19 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/5711
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/5711
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/5711