London Housing Bank

Meeting: 
MQT on 2014-02-26
Session date: 
February 26, 2014
Reference: 
2014/1071
Question By: 
Tom Copley
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

Will the proposed London Housing Bank be able to borrow?

Answer

Answer for London Housing Bank

Answer for London Housing Bank

Answered By: 
The Mayor

As explained before, to be able to borrow more requires not only the Government to relax the GLA's borrowing limits it also requires a sustainable revenue stream to service the debt. Details of the London Housing Bank proposal are being discussed with the Government and I am intending to publish a discussion paper in the spring.