Will the Governments change in housing policy affect Bracknell?

I heard an interview with Bracknells councils very own council leader Paul Bettison on Radio 5 live on this very subject. During the interview he made a very good point that 50% of the rents from social housing are paid back to the government. (This figure is actually 35% [turns out his figure is around 50% see comments]).

This is one reason why not for profit housing associations are set up as this money can be kept by the association for improvements etc.

I do not know how the government plans to allocates these homes but I would like to see some of this funding allocated to Bracknell.

Perhaps if Bracknell and other councils were allowed to keep 90% of the rents then the local councils would have found it easier to manage their social housing stock, this may of allowed Bracknell to Build some more much needed social housing.

I live in hope.

I believe the best way forward is proposed by the people at really understand all the issues and that is the local government association;

They are calling for;

1. Councils to have the financial independence to invest in their housing stock and stimulate the local economy;
2. Historic ‘notional debt’ – which councils are currently spending £1.3 billion a year servicing – to be cancelled;
3. Councils to have the same freedom as other social housing providers to borrow money to invest in new homes; and
4. The government to stop setting tenants’ rent and allow them to reflect local circumstances.
   
   Your find these details here