Local Authority Stock

Local Authority Stock

A chiefly British term for a municipal bond.
References in periodicals archive ?
"More than 27,000 households had their housing need met in 2018, with the local authority stock of social housing increased by over 8,000."
A Stirling Council spokesperson said: "The council's housing service are currently engaged with the private gas network owner and are hoping to reach an agreement shortly to have the new gas main extended to feed all of the local authority stock in Deanston.
Daly Mr Daly said: "Local authority stock is perfect auction fodder.
"Local authority stock is perfect auction fodder and when regular auction buyers are aware that we are appointed auctioneers for the majority of West Midlands authorities, including Birmingham, Sandwell, Wolverhampton, Solihull and Walsall with ad hoc lots from Wyre Forest and Dudley, they know what to expect."
The proposal is to advertise properties from local authority stock, housing associations, private rented homes and low-cost home ownership options throughout Northumberland.
In the housing sector this is going to come to a head shortly because of all the local authority stock transfers.
He added: "Over 27,000 households had their housing need met under Rebuilding Ireland in 2018, with the local authority stock of social housing increased by over 8,000.
A spokesman for the Department of Housing said "substantial progress" had been made on improving local authority stock since a European committee ruling in 2017.
More than a quarter of the local authority stock - about 25,000 properties - is in such a poor state of repair that the council says demolition is the only answer.
A spokesman for the Department of Housing said: "Over 27,000 households had their housing needs met under Rebuilding Ireland in 2018, with the local authority stock of social housing increased by over 8,000.
'The reduction in local authority stock has weakened their ability to tackle the issue, while the problems of availability, accessibility and affordability are preventing many households from entering the private rented sector.'
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