Brown to unveil new council housing plans, report saysGordon Brown is set to unveil plans to provide cash and new powers to help councils buy repossessed and unsold properties, according to today's Times. The report frames the measures, expected to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. next week, as an attempt to cushion those affected by rising repossession The taking back of an item that has been sold on credit and delivered to the purchaser because the payments have not been made on it. For example, if an individual fails to render prompt payments on a new car, the car might be subject to repossession by the finance company, rates as the housing crisis spirals, as well as ushering in Noun 1. ushering in - the introduction of something new; "it signalled the ushering in of a new era" first appearance, introduction, debut, entry, launching, unveiling - the act of beginning something new; "they looked forward to the debut of their new product line" a new era of council housing. The prospect of an aid package to help town halls play their part in tackling the housing crisis has been mooted before as part of Gordon Brown's attempt to relaunch his premiership this autumn. But the idea that the government might release hundreds of millions of pounds of extra cash earmarked for social housing to buy up newly built properties appears to be a detail that had not been floated before. The Department for Communities and Local Government declined to comment on whether this detail was likely to make up part of a forthcoming government green paper, insisting it was pure speculation "at this stage". A DCLG DCLG Department for Communities and Local Government (UK Government department, successor to ODPM) spokesman would only say that the government was "determined to do everything possible to promote long-term stability The long-term stability of an oscillator, the degree of uniformity of frequency over time, when the frequency is measured under identical environmental conditions, such as supply voltage, load, and temperature. and fairness in the housing market". "The international credit crunch Credit Crunch An economic condition whereby investment capital is difficult to obtain. Banks and investors become weary of lending funds to corporations thereby driving up the price of debt products for borrowers. has created significant challenges not just for the UK housing market, but in other parts of Europe and the United States. We are looking at a wide range of options to further support the housing market in the current climate, working closely with industry and lenders. What form that support will take will be announced in due course." 
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