This report sets out the HRA budget proposals
for the financial year 2023/24 including changes to rent levels and
other charges and explains the wider strategic operating
environment facing the HRA.
The Council will optimise the financial position for the HRA in 2023/24 and rents will be increased by 4.4%. Additional investment (including one-off growth) of £3.5m is planned to support improvements in customer services, the management of disrepair and health & safety and supporting tenants through an Annual Visits Programme.
The 40-year HRA business plan is being updated and reviewed. This will be reported in detail to the Cabinet in March 2023 and will set out the medium-term financial position on the HRA.
Decision type: Key
Reason Key: Expenditure/Income over £5m & policies or new income, reserves use, overspend over £300K;
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 14/12/2022
Report access: Open;
Report Type: Key Decision;
Decision due: 6 Feb 2023 by Cabinet
Lead member: Cabinet Member for Housing and Homelessness
Lead director: Strategic Director of the Economy Department
Department: The Economy department
Contact: Danny Rochford Email: Danny.Rochford@lbhf.gov.uk.
What is the total value of the decision?: Yes