Research Briefing
The reform of Housing Revenue Account Subsidy
This note provides background on the old Housing Revenue Account (HRA) subsidy system and considers some of the issues associated with it up to its abolition in April 2012. This note will not be updated – information on the self-financing regime can be found in Library note SN/SP/6776 Local housing authorities - the self-financing regime: progress and issues. A further paper, CB8963, A new era of social rented housing in England? (2020) considers prospects for social rented housing following the lifting of the HRA borrowing caps in 2018.