Issue - meetings

To present the HRA investment strategy 2024 – 2028 and associated financial information for approval.

Consideration was given to the housing revenue account (HRA) investment strategy 2024 to 2028. Members emphasised the importance of building and acquiring new council housing. It was moved by Councillor M Mullaney, seconded by Councillor Bray and unanimously

RESOLVED –

(i)            The housing revenue account investment priorities and underpinning HRA financial assumptions be noted;

(ii)          The HRA investment strategy 2024 to 2028 be approved.

To present the HRA investment strategy 2024 to 2028 and associated financial information.

The HRA investment strategy 2024 to 2028 was presented to the Scrutiny Commission. During discussion, the following points were raised:

·         The importance of maximising income

·         The change in the way the HRA was financed which led to the 2012 HRA subsidy buyout

·         The requirement to bring stock up to the required level which contributed to the need for decarbonisation work

·         The strong position of the authority due to the level and depth of information available

·         Decisions were yet to be made on how to finance new debt.

It was noted that the strategy would be presented to the Tenant Scrutiny Panel before being presented to Council for approval and tenants would be updated via the newsletter.

It was moved by Councillor Crooks, seconded by Councillor Harris and

RESOLVED –

(i)            The housing revenue account investment priorities and the underpinning HRA financial assumptions be noted;

(ii)          The HRA investment strategy 2024 – 2028 be RECOMMENDED to Council.