Decision details

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.

Cabinet AGREED

(a)               the responses to the Department for Communities and Local Government Housing Revenue Account finance consultation questions as set out in the appendix to the report; and

(b)               to give delegated authority to the Housing Portfolio Holder to amend the Council’s response should the need arise.