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Issue details

Re-profiling of Housing Revenue Account capital budgets to allow for the acqusition of housing property.

This report sets out a proposal and seeks approval to re-profile the Housing Revenue Account capital budgets bringing forward monies to fund opportune housing acquisitions. This re-profiling of budgets will allow for the acquisition of a new build project in Wilnecote.

Decision type: Key

Reason Key: Spend or forego income or raise additional income > £100,000;

Decision status: Recommendations Approved

Wards affected: (All Wards);

Notice of proposed decision first published: 04/06/2020

Decision due: 21 Jul 2020 by Council

Lead member: Portfolio Holder for Neighbourhoods

Lead director: Executive Director Communities

Contact: Paul Weston, Assistant Director Assets Email: paul-weston@tamworth.gov.uk.

Consultation process

Consultation with finance around funding availability. Discussions with strategic housing leads in relation to acquisition opportunities. Discussion with Portfolio Holder in relation to proposals and opportunities.

Consultees

AD Finance
Executive Director - Finance
Executive Director - Communities


Agenda items

Documents

  • Re-profiling of Housing Revenue Account capital budgets to allow for the acqusition of housing property.