Reforming the way Council housing is funded

I today welcomed representatives from Cornwall, Stockport and Wandsworth Councils to Westminster.

I have been working with these councils on proposals for reform to the way in which council housing is financed. The proposed reforms will mean that councils can keep the money that they collect from tenants, which gives them a far greater ability to reinvest in their housing stock through better maintenance, repair work and building more council houses.

Our meeting with Housing Minster Grant Shapps was useful and productive and I am looking forward to continuing to work closely with Ministers and the three councils to make sure that the implementation of this new policy is a success.