Decision details

Matter for Decision

The report set out a policy in respect of strategically acquiring and disposing of HRA assets in response to these changes, to ensure that the authority makes best use of available capital resource, whilst maintaining a balanced and sustainable Housing Revenue Account.

Decision of Executive Councillor for Housing

The Executive Councillor resolved to:

(i)   Approve the Housing Revenue Account Acquisition & Disposal Policy and Process documents, attached at Appendices A and B of the officer’s report.

Reason for the Decision

As set out in the Officer’s report.

Any Alternative Options Considered and Rejected

Not applicable.

Scrutiny Considerations

The Committee received a report from the Business Manager/Principal Accountant.

Councillor Price commented that increased discounts on ‘right to buy’ properties meant that they were selling faster than the Council could build them. Concern was raised that this would lead to an overall decrease in affordable housing. 

The Director of Customer and Community Services responded that the timescales in which the Council could spend ‘right to buy’ receipts was very short. The City Council, along with many other local authorities, were actively appealing against this.

The Committee resolved (by 4 votes to 0) to endorse the recommendations.

The Executive Councillor approved the recommendation.

Conflicts of Interest Declared by the Executive Councillor (and any Dispensations Granted)

No conflicts of interest were declared by the Executive Councillor.