Content

10.1

The committee considered a
report of the Executive Director Neighbourhood Services providing
an update on the current national and local housing context,
regulatory requirements, the priorities for Committee to action
alongside capital and revenue spending plans for
2025/26.

 

 

10.2

RESOLVED
UNANIMOUSLY: That the Housing Policy
Committee:-
 

1.   
Notes that the HRA Business Plan report for 2025/26,
the HRA Business Plan priorities for 2025/26 and HRA Revenue Budget
2025/26 as set out in the Financial Appendices included in Appendix
A to this Report, will go to the Strategy and Resources Policy
Committee at its meeting in January 2025, for recommendation to
Full Council for approval

2.   
Notes that once adopted by Full Council, monitoring
delivery of HRA Business Plan priorities will be within the remit
of the Housing Policy Committee

3.   
Notes the recommendation for increasing Council
rents 2025/26 in line with the Regulator of Social Housing’s
Rent Standard

 

 

10.3

Reasons for Decision

10.3.1

This report and its
recommendations, sets out the scale of the challenge ahead, the
limited resources available and the difficult decisions that now
need to be taken to deliver a balanced HRA budget for 2025/26 and
for the overall 30-year viability.

 

 

 

 

10.4

Alternatives Considered and Rejected

10.4.1

The Council is required to both
set a balanced in year HRA budget and to ensure that in-year income
and expenditure are balanced over 30 years. No other alternatives
were considered.