Magazine article Public Finance

Almos Call on Ministers to Make Borrowing Decision

Magazine article Public Finance

Almos Call on Ministers to Make Borrowing Decision

Article excerpt

Council-owned housing companies are urging ministers to hurry up and decide whether they should be given new borrowing powers.

They are still waiting for the results of an Office of the Deputy Prime Minister review into arm'slength management organisations that began almost 18 months ago.

In the ODPM's response to the Barker review on housing, it said it would consult on whether Almos should take on a development role in its drive to build more social housing. Hounslow Homes has already received the go-ahead to build a mixture of homes for rent and private sale under a pilot scheme drawn up with its council in west London.

But Gwyneth Taylor, policy officer at the National Federation of Almos, said the NFA had told housing minister Yvette Cooper that most Almos cannot commit themselves to build homes until their long-term future is agreed. …

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