Decision details

Government Review of Council Housing Finance: Proposals to Replace Housing Revenue Account (HRA) Subsidy System (Housing Portfolio Holder, 19 May 2010)

Decision Maker: Lead Cabinet member for Housing, Council, Cabinet, Housing Portfolio Holder's Meeting

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

The purpose of this decision is to respond to the consultation prospectus on the government’s proposal to replace the Housing Revenue Account (HRA) Subsidy System, which offered this authority to take on £197 million of debt incurred by other councils, in return for which the authority would be able to retain 100% of housing rent collected locally.

Decision:

In light of the recently-published Programme For Government and the Queen’s Speech, both of which referred to a forthcoming review of the Housing Revenue Account (HRA), Council ADJOURNED further debate on this item and DEFERRED a decision on the response to the consultation prospectus for the Government Review of Council Housing Finance: Proposals to Replace Housing Revenue Account (HRA) Subsidy System.

Publication date: 28/05/2010

Date of decision: 27/05/2010

Decided at meeting: 27/05/2010 - Council