This report explains that the current Housing Revenue Account (HRA) regime will end at the end of March 2012.  It says that financial control and responsibility for Council housing will then revert to local authorities in exchange for a final capital settlement or payment.  As part of the preparation for the new regime local housing authorities have to agree an HRA Business Plan.  This report recommends the undertaking of consultation on the Council’s current HRA Business Plan.

The Executive Director for Housing and Regeneration submitted a report (previously circulated, now appended) requesting approval to undertake public consultation on the current draft Housing Revenue Account (HRA) Business Plan.

Resolved to:-

(1)   Approve consultation on the current draft HRA      Business Plan principles through the tenant and leaseholder road shows; and

(2)   Note the current draft HRA Business Plan which would be developed further as Department for Communities and Local Government funding principles were confirmed.