Decision details

Purpose of Report: To set out the Housing Business Plan following Housing Revenue Account (HRA) reform and the introduction of self financing from April 2012.

Members are asked to approve the outline HRA business plan and agree the recommendations.

This item has slipped from the January to the February meeting to coincide with other budget papers.

RESOLVED:        i)               That approval be given to the average rent increase for 2012/13 as set out in paragraphs 6 to 10 of the report.

ii)              That the HRA revenue plan recommended to Council within the Financial Strategy report on this agenda as set out in Annex 1 be noted.

iii)             That the HRA capital investment plan as set out in Annex 1, that will be recommended to Council within the Capital Budget report elsewhere on this agenda be noted.

REASON:       i) and iii)       To ensure the ongoing financial stability of the HRA and allow work on improving the quality of the council’s affordable housing to continue.

ii)              To ensure the ongoing financial stability of the HRA