Decision details

1.                  To note the changes in the Reform of Council Housing proposals that have occurred since the subject was last considered in June 2010.

2.                  To approve the baseline HRA Business Plan model – included in Appendix 2 of this report – for the management of the Council Housing stock over the next 30 years, and the assumptions which are included in it.

3.                  To note that the Council’s Treasury Strategy will be reviewed, and that there is a report to this end, elsewhere on the agenda.

4.                  To commit to carrying out an annual review of the HRA Business Plan, in order to ensure that the objectives of maintaining the condition of the Council’s housing stock and meeting the Council’s financial obligations are fulfilled.

5.                  To approve the application of a ‘mortgageable’ standard for its stock in addition the Decent Homes standard for the purposes of HRA business planning.

6.                  To commit to review, no less frequently than annually, which, if any, of the Council’s housing stock investment pressures should be met from additional borrowing up to the maximum borrowing cap.

7.                  That should the number of sales of council homes under the Right to Buy rise above the 13 assumed in the baseline HRA Business Plan model, the policy of not applying Right to Buy receipts to pay off the debt associated with those properties will be reviewed.

8.         To refer the baseline HRA Business Plan model to full Council for approval.