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100 local authorities say council housing finance model is ‘broken’ and more money is needed to build new homesAn “unprecedented coalition” of councils in England has called for an emergency injection of £644m from the government to stabilise their housing accounts and prevent investment in new homes being delayed or cancelled.After Angela Rayner, the deputy prime minister, promised a “council housing revolution”, 100 local authorities have now warned that the financial model for council housing finances is “broken”, with a £2.2bn “black hole” in councils’ dedicated budgets expected by 2028. Continue reading...