Issue - decisions
Final Budget for the Housing Revenue Account (Landlord Service) 2017/18 - 2020/21 and Business Plan
09/02/2017 - Budget for the Housing Revenue Account (Landlord Business Plan)
RECOMMENDED to Council
That the Housing Revenue Account (HRA) budget proposals for 2017/18 be approved and:
1. that the recent legislative changes relating to Housing Finance and their impact on the Landlord Business Plan, be noted;
2. that the HRA’s debt portfolio and interest payments due in 2016/17, be noted;
3. that the intention to commence principal debt repayments from 2017/18, as approved previously by Council in February 2016, be noted;
4. that the Landlord Business Investment Plan, which proposes HRA investment throughout the Council area, be approved;
5. that the HRA Revenue Budget for 2017/18 and the Landlord Business Plan summary at Appendices A and B to the Executive report, be approved;
6. that the 2017/18 to 2020/21 HRA Capital Programme at Appendix C to the Executive report, be approved; and
7. that the average rent decrease of 1% for Council tenancies for 2017/18 in line with the national rental decrease as per Government direction, be approved.