CIH Cymru welcomes plan to spread Housing Revenue Account borrowing capacity
Minister for Housing and Regeneration Rebecca Evans has revealed that talks are ongoing to explore how the borrowing capacity of local authorities building homes could be increased by utilising the surplus capacity within authorities which have no plans to build at present.
Responding to the announcement Matt Dicks, director of CIH Cymru, said:
"Local authorities have demonstrated real ingenuity and vision in contributing directly to building new affordable homes in Wales. The borrowing cap under which authorities operate is a clear barrier to maximising their ability to contribute to meeting the need for new affordable homes in Wales.
"Addressing the housing crisis is about a whole sector approach, and the discussion described by the minister represents a positive step forward in recognising the central role local authorities have to play."