Decision details

Housing Revenue Account New Build Programme

Decision Maker: Cabinet

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To approve the Housing Revenue Account New Build Project plan, financial spend and revised programme as part of the Homes and Communities Agency Affordable Homes Programme 2015-18.

Decision:

Cabinet agreed the following:

 

1.  To approve the revised new build programme as set out in Annex 1 (to the Cabinet report) and capital programme spend of £10,082,372.01;

 

2.  To approve the Council’s withdrawal from the Department for Communities and Local Government (CLG) approved HRA Borrowing Programme as resources are no longer available within the HRA Business Plan to support this additional borrowing as a consequence of the national 1% reductions in affordable and social rents over the coming 4 years;

 

3.  To approve the provision of 58 affordable rented homes to be added to the Council’s Housing Revenue Account portfolio and let to eligible households on the Housing Register.

Reasons for the decision:

This is a key decision for Cabinet, setting out the details of the new affordable homes programme within the Housing Revenue Account. The funding of the programme is already set out in the approved budget framework of the Council.

Alternative options considered:

None.

Report author: Lauren Hemsley

Publication date: 07/03/2016

Date of decision: 03/03/2016

Decided at meeting: 03/03/2016 - Cabinet

Effective from: 15/03/2016

Accompanying Documents: