Agenda item

RESOLVED

That Cabinet

Supported the HRA Business Plan ‘challenge and review’ together with the options appraisal detailed in Annex one

Recognised and accepted the base line assumptions built into the revised HRA business plan illustrated in the attachments, particularly Annex five

Authorised the £298m detailed in the investment plan shown in Annex 5 to be considered as part of the budget setting process for 2019/2020 to 2024/2025; noted updates to the stock condition modelling and other financial HRA impacts could be assessed through that process and the financial position adjusted accordingly

Supported the Corporate Scrutiny and Tenant Consultative Group’s (TCG) recommendations to create a ‘neighbourhood fund’ up to £250k per annum be considered as part of the budget setting process for  2019/2020 to 2024/2025; by accepting proposals to revise electrical testing and rewiring to fund a place based approach to neighbourhood planning

Approved the HRA business planning priorities informed by TCG and Corporate Scrutiny as detailed in the report

Delegated authority to the Executive Director of Communities in consultation with the Portfolio Holder for Housing & Neighbourhoods to approve the final narrative for the HRA business plan by April 2019 and to formalise the draft equality impact assessment

Approved a financial waiver to appoint Housing Finance Associates to adapt the business modelling tool provided for £3,000 for 1 year starting from 6/9/18 to 6/9/19 to ensure sufficient business continuity and familiarity with the business modelling already undertaken. Thereafter delegating authority to the Executive Director Finance to determine whether further support is required.