Exclusive: Social housing finance ‘crisis’ has already led 37% of local authorities to cut back on repairs and maintenance
More than a quarter of English councils expect to have to sell homes to balance their housing budgets while over a third have cut back on repairs and maintenance in what has been described as a crisis in social housing finance.
Based on responses from 76 stockholding councils, which manage their own social homes, the study found that nine in 10 expect to use emergency funds to try to balance the books in the next few years, and 71% say they are likely to delay or cancel ongoing housing projects.
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