Nottingham calls for borrowing cap to be lifted to boost new council housing supply

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Published by Jon Land for 24dash.com in Housing and also in Local Government

Nottingham City Council has become one of the first in the country to call for limits to be lifted on the amount local authorities can borrow to build new homes. Councillors unanimously backed the ‘Let’s Get Building’ report from the National Federation of ALMOs (NFA) when they met on Monday (January 28). Despite changes to the way homes are financed last year, the Government continues to restrict how councils manage their own finances – imposing a cap on how much they ca...

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