Decision details

Housing Revenue Account - Revised Forecast 2022 and Budget 2023-24

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

RESOLVED THAT:  Council be recommended to:

1.    Approve the HRA budget proposals for 2023/24 (shown at Appendix 2);

2.    Approve a rent increase of 7% for social rent homes, affordable rent homes and shared ownership homes (but capping affordable rented homes rent at the Local Housing Allowance where applicable);

3.    Approve changes to other rents and service charges as detailed within the report;

4.    Approve the HRA capital programme for 2023/24 as shown at Appendix 3 and Appendix 4;

5.    Approve entering into a Memorandum of Understanding with DLUHC (Department for Levelling Up, Housing and Communities) in respect of a £2.36 million grant for the provision of 21 affordable homes during 2023/24 under the Local Authority Housing Fund (subject to DLUHC notifying CBC that their proposed grant funding allocation has been confirmed), see section 5.5;

6.    Ratify the performance and satisfaction targets set by CBH for 2023/24;

7.    Note the revised HRA forecast for 2022/23.

 

 

 

Publication date: 16/02/2023

Date of decision: 14/02/2023

Decided at meeting: 14/02/2023 - Cabinet

Accompanying Documents: