RESOLVED
That (i) the 30-Year Housing Revenue Account (HRA) Business Plan at Appendix 1 to the report be approved;
(ii) the Draft Rent Policy included as Appendix 2 to the report be agreed for consultation; and
(iii) the recommendation from the Communities and Housing Scrutiny Committee to the Executive as set out below be noted and supported:
In their regular reviews of the HRA Long Term Business Plan, the Executive should pay particular attention to interest rates and review the Plan based on that information.
The Executive RECOMMENDED to Council
That (i) the 30-Year Housing Revenue Account (HRA) Business Plan at Appendix 1 to the report be approved; and
(ii) the Draft Rent Policy included as Appendix 2 to the report be agreed for consultation.
Reason: To ensure the Council has a viable long-term strategy for spending and borrowing to maintain its housing stock and operate services for its tenants and leaseholders.