Agenda item

Housing Revenue Account (HRA) 30-Year Business Plan 2021 - 2051 and HRA Capital Programme 2022/23

Cabinet Member: Cabinet Member for Homes, Councillor Patricia Hay-Justice

Officer: Interim Corporate Director Housing, David Padfield

Key decision: Yes

 

Decision:

 

Cabinet are asked to:

 

1.1  Agree the HRA 30 year Business Plan 2021-2051 as set out at Appendix 1 and detailed in this report , which is based on the HRA revenue budget for 2022-23 agreed by Full Council on 8 March 2022;

 

1.2  Consider the HRA Capital Programme for 22/23 as set out in Appendix 6 and recommend to Full Council that it approve the HRA Capital Programme for 22/23.

 

1.3  Note the assumptions the Plan is based upon and the risks associated with these assumptions;

 

1.4 Note the proposals for the ongoing development of the HRA Business Plan and agreed that the Plan will be updated annually with a full review every third year.

 

Minutes:

Cabinet considered a report, which presented a new 30-year Business Plan for the Housing Revenue Account (HRA) with consideration to both capital and revenue investments required for the management and maintenance of Croydon Council’s housing stock.

 

Members raised several questions in relation to:

 

  • From a scrutiny and overview perspective, it was felt that the document did not address the fit for purpose criteria.
  • Asset and risk management were not robust enough.
  • The Plan being brought back to Cabinet during the budget-setting process i.e., September at the latest.

 

The Leader of the Council delegated authority to the Cabinet to make the following decisions:

 

RESOLVED that:

 

1.         the HRA 30-year Business Plan 2021-2051, as set out at Appendix 1 and detailed in the report, which was based on the HRA revenue budget for 2022-23 agreed by Full Council on 8 March 2022, be agreed;

 

2.         the HRA Capital Programme for 2022/23, as set out in Appendix 6 to the report, be recommended to full Council for approval;

 

3.         the assumptions the Plan were based upon, and the risks associated with these assumptions, be noted; and

 

4.         the proposals for the ongoing development of the HRA Business Plan be noted and agree that the Plan be updated annually with a full review every third year.

 

Supporting documents: