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...Jeremy Hunt has wound down a scheme that delivered an extra £200mn a year for social housing in England, in a controversial move that will further squeeze the finances of cash-strapped local councils....
...Warrington’s precarious finances drove the Department of Levelling Up, Housing and Communities to commission an external review in 2023, which it has not released to the public....
...The non-profit compiled the data from freedom of information responses from 200 of the 300 local authorities that are allowed to own or manage social housing....
...George Lemos Capital Finance Strategies London EC1, UK...
...— The uneasy US housing stalemate...
...Measures of housing sector demand — from housing starts and construction employment to residential investment and mortgage applications — have looked weak for nearly two years....
...The Competition and Markets Authority said that historically the 300,000 target had only been met when councils were providing a “significant supply” of new housing....
...Keith Adey, Bellway’s chief finance director, said there has been positive early interest from clients in the scheme, which in effect allows buyers to “borrow at the interest rates of a few years ago”....
...“We are sleepwalking into a disaster as far as local authority finances are concerned,” said Zoe Billingham, director of the Institute of Public Policy Research North....
...the authorities’ resolve....
...Last week the US Federal Housing Finance Agency presented its report on the future of the Federal Home Loan Banks....
...A string of other towns and cities face parallel pressures amid a broader national squeeze on local government finances....
...Council leaders from across England have urged ministers to urgently uprate funding subsidies for temporary accommodation, warning that soaring levels of homelessness threaten to tip many authorities into...
...The IMF’s top fiscal policy official, Vítor Gaspar, said the economic power of both the US and China meant they had time to bring their finances under control....
...The danger for any incoming government, particularly in an era of constrained public finances, is that they “hit the ground reviewing”....
...Clive Betts, Labour MP for Sheffield South East, who chairs the levelling-up, housing and communities committee, said local government finances were in a “complete mess” after years of underfunding....
...sector weakness, fragile confidence and local government finance vehicle deleveraging....
...“The Prudential Regulation Authority could have concerns about banks’ exposure to 99 per cent loan-to-value mortgages, even if partially underwritten by government, and could look for additional capital...
...It has faced a mix of headwinds, including a moribund UK housing market (from which it earns about a fifth of its revenue) that led to volume declines and placed pressure on margins....
...UK ministers are set to force hundreds of local councils and public authorities in England to publish overdue accounts by the end of September as part of efforts to clear an “unacceptable” backlog of outstanding...
...The US Federal Housing Finance Agency on Tuesday said it plans to rein in a group of 11 regional government-backed wholesale lenders, the Federal Home Loan Banks, that became a key source of funding for...
...Planning law has also become a way for local authorities to curtail the rising housing prices associated with holiday homes....
...Trump appointed Mark Calabria as the head of the Federal Housing Finance Agency [the Fannie and Freddie umbrella organisation]....
...US authorities have never used the authority they were given after the 2008 crisis to handle global bank failures....
...schools, including Harvard, Yale and Princeton, have so far stuck by their May 1 deadlines, while being forced to switch to alternative methods of assessing financial aid to students to offset tuition and housing...
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