Issue - meetings

Housing Revenue Account (HRA) Budget 2020/2021

Meeting: 05/02/2020 - Cabinet (Item 16)

16 Housing Revenue Account Revenue & Capital Budget: 2020/2021 pdf icon PDF 497 KB

Additional documents:

Decision:

Cabinet

 

Housing Revenue Account (HRA): Revenue

 

(a)        Recommended that Full Council approve the HRA revenue budget for 2020/2021 as shown in the HRA Budget Summary as presented at Appendix A to the report;

 

HRA: Review of Rents and Charges

 

(b)       Approved that council dwelling rents for all social rented properties be increased by the Consumer Prices Index plus 1% (2.7%), in line with legislative requirements introduced as part of the Welfare Reform and Work Act, with effect from 1st April 2020;

 

(c)        Approved that affordable rents are reviewed in line with rent legislation, to ensure that rents charged are no more than 80% of market rent for 2020/2021. Local policy is to cap affordable rents at the lower level of Local Housing Allowance, which will result in rent variations in line with any changes notified to the authority in this level, effective from 1st April 2020;

 

(d)       Approved inflationary increases of 2% in garage rents for 2020/2021, in line with the base rate of inflation for the year assumed in the proposed HRA Budget.

 

(e)        Approved the proposed service charges for HRA services and facilities provided to both tenants and leaseholders, as shown in Appendix D.

 

 

HRA: Capital

 

(f)         Approved the required level of funding for new build investment between 2020/2021 and 2024/2025 to ensure that commitments can be met in respect of the investment of all right to buy receipts currently retained or anticipated to be received by the authority for this period. This expenditure will take the form of HRA new build, with the 70% top up met by other HRA resources;

 

(g)        Recommended that Full Council approve the HRA Medium Term Financial Strategy forecasts as shown in Appendix B;

 

(h)        Recommended that Full Council approve the Housing Capital Programme as shown in Appendix C.

 

Minutes:

Cabinet considered a report summarising the Housing Revenue Account (HRA) Revenue and Capital Budget for 2020-2021.

 

The Lead Cabinet Member for Housing referred to a recent media report relating to the Decent Homes standard, She corrected some parts of the media report that were open to misinterpretation, and said that the Government’s Decent Homes standard was, in any event, due for review, particularly in the context of energy efficiency.

 

Those present engaged in a short debate and encouraged residents to take advantage of future offers from the Council to upgrade their properties.

 

Cabinet

 

Housing Revenue Account (HRA): Revenue

 

(a)         Recommended that Full Council approve the HRA revenue budget for 2020/2021 as shown in the HRA Budget Summary as presented at Appendix A to the report;

 

HRA: Review of Rents and Charges

 

(b)         Approved that council dwelling rents for all social rented properties be increased by the Consumer Prices Index plus 1% (2.7%), in line with legislative requirements introduced as part of the Welfare Reform and Work Act, with effect from 1st April 2020;

 

(c)         Approved that affordable rents are reviewed in line with rent legislation, to ensure that rents charged are no more than 80% of market rent for 2020/2021. Local policy is to cap affordable rents at the lower level of Local Housing Allowance, which will result in rent variations in line with any changes notified to the authority in this level, effective from 1st April 2020;

 

(d)         Approved inflationary increases of 2% in garage rents for 2020/2021, in line with the base rate of inflation for the year assumed in the proposed HRA Budget.

 

(e)         Approved the proposed service charges for HRA services and facilities provided to both tenants and leaseholders, as shown in Appendix D.

 

HRA: Capital

 

(f)          Approved the required level of funding for new build investment between 2020/2021 and 2024/2025 to ensure that commitments can be met in respect of the investment of all right to buy receipts currently retained or anticipated to be received by the authority for this period. This expenditure will take the form of HRA new build, with the 70% top up met by other HRA resources;

 

(g)         Recommended that Full Council approve the HRA Medium Term Financial Strategy forecasts as shown in Appendix B;

 

(h)         Recommended that Full Council approve the Housing Capital Programme as shown in Appendix C.