Issue - meetings

To consider the report of the Director of Environment and Neighbourhoods presenting for approval the Housing Revenue Account (HRA) Business Plan. In addition, the report provides detail of the key findings, priorities and principles contained within the Plan.

The Director of Environment and Neighbourhoods submitted a report presenting for approval the Housing Revenue Account (HRA) Business Plan.  In addition, the report provided details of the key findings, priorities and principles contained within the Plan. In determining this matter, the Board took into consideration all matters contained within the accompanying report.

The Board welcomed the proposals regarding the more structured, longer term strategy for rent increases. In addition, Members requested that a programme of housing stock improvements was considered which would ultimately lead to ‘component decency’ being achieved, whilst Members were assured that work continued in order to ensure that any budgetary shortfall experienced by an ALMO would be addressed equitably. 

In conclusion, it was suggested that as this matter progressed, a Member seminar on this issue was scheduled.

RESOLVED –

(a)  That the HRA Business Plan, as appended to the submitted report, be approved.

(b)  That the key priorities and actions, as set out within the Plan, be approved.

(c)  That the rent strategy outlined for the next 5 years be approved in order to deliver essential investment.

(d)  That approval be given to ALMO cash reserves being utilised as required, in order to sustain the essential investment standard.