Purpose

Transfer of eight 4-bedroom homes from the Housing General Fund to the Housing Revenue Account (HRA) to make best use of resources, improve flexibility as to how these units can be let, and to meet local demand for long term housing solutions for large families

Decision

RESOLVED

KEY DECISION

That the Executive approved the appropriation of eight properties from the Housing General Fund (GF) to the Housing Revenue Account (HRA), at valuation of £1.644m, and delegate authority to the Director of Finance and Performance (Section 151 Officer) to make the necessary accounting adjustments.

Reasons for Recommendations: To make best use of resources, improve flexibility as to how these units can be let, and to meet local demand for long term housing solutions for large families.

Alternative Options Considered: An alternative option to do nothing was considered and rejected, this option would have resulted in the eight larger properties remaining in the GF to be let as interim / temporary accommodation. The details on this option are set out at in the issues and choices at section 5.