Issue - meetings

A report from the Executive Director – Resources / Strategic Director – Housing and Regeneration is attached.  (Non Key)

Cllr George Savva (Cabinet Member for Social Housing) introduced the report of the Executive Director – Resources, providing an update of the Housing Revenue Account (HRA) Period 5 forecast outturn position for 2023-24 covering both revenue and capital expenditure associated with delivering the Council’s Housing service. The Council’s housing development programme was ambitious. Despite the challenges and cost pressures, the Administration was determined to deliver.

In response to Members’ questions, officers confirmed that the Council would adhere to its landlord obligations, and worked to get best value for money from spending. Details of the funding in respect of the GLA programme would be known in November, but the Council was building a pipeline of properties in anticipation. In respect of acquisitions, £10M was set aside in advance of a GLA Right to Buy Back scheme.

DECISION:  The Cabinet agreed:

I.  To note the Period 5 forecast outturn position for 2023/24 for both revenue and capital.

II.  To note, that buybacks supported from the GLA Land fund are being progressed across the estate and beyond the properties affected by the current 0-3 phases, this is in order to support the delivery of the Joyce and Snells regeneration scheme.

The report sets out the options considered, if any, and the reasons for the recommendations and the decision.

(Non Key)

Report from the Executive Director – Resources / Executive Director – Housing, Regeneration & Development.  (Key decision – reference number 5654)

Cllr George Savva (Cabinet Member for Social Housing) introduced the report of the Executive Director – Resources, providing the final outturn position for 2022-23 and an update on the Period 3 forecast outturn for 2023-24 of the Housing Revenue Account (HRA). The investment in council housing despite the budget pressures was highlighted.

DECISION:  The Cabinet agreed to note:

I.  The HRA outturn position for 2022/23 for both revenue and capital.

II.  The Period 3 forecast outturn position for 2023/24 for both revenue and capital.

The report sets out the options considered, if any, and the reasons for the recommendations and the decision.

(Key decision – reference number 5654)