On 9 October, my Department announced £122 million of additional Housing Revenue Account borrowing to support over 1,700 new homes across twenty two local authorities. This included two of the four bids submitted by the London Borough of Tower Hamlets. Of the two approved bids, the total additional headroom amounts to over £8 million supporting almost 50 homes. The Department has not approved two of their bids where they did not meet the Housing Revenue Account Borrowing Programme's clearly stated aims to drive down costs and to support bids with lower public sector costs. The Department gave Tower Hamlets the opportunity to revise their bid which was not taken up by the local authority.<\/p>
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<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4210", "label" : {"_value" : "Biography information for Lord Ahmad of Wimbledon"} } , "answeringMemberPrinted" : {"_value" : "Lord Ahmad of Wimbledon"} , "dateOfAnswer" : {"_value" : "2014-10-14", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-10-14T13:44:52.0705087Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "7"} , "answeringDeptShortName" : {"_value" : "Communities and Local Government"} , "answeringDeptSortName" : {"_value" : "Communities and Local Government"} , "date" : {"_value" : "2014-09-26", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Housing Revenue Accounts: Tower Hamlets"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty\u2019s Government why they rejected two of the bids made by the London Borough of Tower Hamlets for additional borrowing headroom under the Local Growth Fund Housing Revenue Account Borrowing Programme 2015\u201317.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/143", "label" : {"_value" : "Biography information for Baroness King of Bow"} } , "tablingMemberPrinted" : [{"_value" : "Baroness King of Bow"} ], "uin" : "HL1902"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 1, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }