Issue - meetings

This report provides an overview of the revised Housing Revenue Account Business plan for the next 30 years and provides detail of the key priorities for the next five years, including the investment fund to support the delivery of more affordable new homes.

Resolved:           That Cabinet agree Option One to adopt the Housing Revenue Account Business Plan as set out at Annex A of the report.

Reason:     The plan sets out the priorities for the housing revenue account for the next 5 years and gives clear messages as to the commitment to continue to invest in the council’s existing stock, the local communities and build new much needed social rented housing.

Members considered a report which provided an overview of the revised Housing Revenue Account business plan for the next 30 years and details of the key priorities for the next five years, which included investment fund proposals to support the delivery of more affordable homes.

The Cabinet Member highlighted that the Council’s housing stock had been rated within the top quartile across the authorities and of improvements made to the housing stock.

Consideration was then given to the following options:

Option one – To adopt the revised plan set out at Annex one 

Option two – To ask officers to revise the document

Resolved:           That Cabinet agree Option One to adopt the Housing Revenue Account Business Plan as set out at Annex A of the report. ^1.

Reason:     The plan sets out the priorities for the housing revenue account for the next 5 years and gives clear messages as to the commitment to continue to invest in the council’s existing stock, the local communities and build new much needed social rented housing.