Opportunity to Bid to Increase the Housing Revenue Account (HRA)

Decision of:

Councillor Smart, Executive Councillor for Housing

Reference:

14/URGENCY/COM/2

Date of decision:              

25.04.14

Recorded on: 

25.04.14

Decision Type:

Key Decision

Matter for Decision:

Delegated authority to the Director of Customer and Community Services to agree a bid under the Local Growth Fund : Housing Revenue Account Borrowing Programme (2015.16 and 2016.17)

Why the decision had to be made (and any alternative options):

The deadline for bids to the £300m Fund is 16 June 2014. In view of the timescales around this opportunity the Urgent Decision is requested.

The Executive Councillor’s decision(s):

Approved that delegated authority be given to the Director of Customer and Community Services to agree a bid under the Local Growth Fund : Housing Revenue Account Borrowing Programme (2015.16 and 2016.17), subject to consultation with the Executive Councillor for Housing; the Chair of the Customer and Community Services Scrutiny Committee and Opposition Spokespersons.

Reasons for the decision:

The deadline for bids to the £300m Fund is 16 June 2014.

Scrutiny consideration:

The Chair and Spokesperson of Community Services Scrutiny Committee were consulted prior to the action being authorised.

Report:

A report detailing the background and financial considerations is attached.

Conflicts of interest:

None

Comments:

The Chair and Spokes were consulted prior to the decision being made and made no comment.