Purpose

To approve the HRA Business Plan 2023-2053

Decision

Cabinet agreed the following recommendations:

1) Agree the priorities of the HRA, as set out in the Business Plan report, the updated Business Plan, and financial projections

2) Note the HRA Business Plan will be referred to Overview and Scrutiny (O&S) Budget Task Group, as part of the budget scrutiny process

3) Agree that decisions for acquisitions will continue to be taken on a case-by-case basis within the existing delegations, by the Assistant Director for Housing, giving due regard to the HRA Business Plan and its priorities and subject to available funding

4) Agree that given the positive impact street purchases will have on the overall programme at the current time, these will continue as set out in paragraphs 21 to 23, and recommend to Council to approve funding for the street purchases programme in 2023/24 of £2.5m.

5) Authorise the Solicitor to the Council and Monitoring Officer to negotiate, finalise and complete all necessary legal agreements and other documents to give effect to the above.

Alternative options considered

Option 1 - approve the business plan

Option 2 - do not approve the business plan