Cabinet agreed the draft HRA Business Plan Strategic Priorities, as set out in paragraph 2.2 to the cabinet report. These are detailed below:
The Housing Revenue Account Business Plan sets out the main strategic priorities for investment in homes and services over the long term. The draft strategic priorities, set out below, were prepared as part of the review of HRA budgets ready for the launch of the new in-house service on 1 October 2020 and subsequently were the subject of consultation with representatives of the council’s tenants and leaseholders. This report now recommends that these draft strategic priorities are adopted:
? To maintain a Housing Revenue Account that is self-financing and reflects both the requirements of residents and the strategic visions and priorities of the council.
? To provide opportunities for tenants and leaseholders to become involved in the management of their homes.
? To provide safe, well maintained and energy efficient homes. ? To invest in long-term improvements to the council’s housing stock and provide homes that people choose to live in.
? To increase the council’s housing stock through programmes of new build and refurbishment.
? To review the alternative options for homes that cannot be maintained to meet current and future standards.
? To maintain a rent and charging policy that is both affordable for residents and ensures the resources needed for investment in homes and services.
? To maintain a minimum level of HRA reserves of £1m