Decision Maker: Cabinet

Outcome: Recommend Forward to Council

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: February 19, 2026

Purpose: 1.     To approve the Housing Revenue Account (HRA) budget for 2026-27 and recommend to Full Council   2.     To approve the Housing Revenue Account (HRA) 5-year capital programme 2026-27 to 2030-31 and recommend to Full Council   3.     To approve rents, service and facility charges for the HRA social rented properties, community halls, garages and water charges   4.     To approve the HRA business plan and recommend to Full Council.   5.     To approve the establishment of a 10-year New Affordable Homes HRA capital programme (2026-27 – 2035-36), setting out the Council’s pipeline of housing delivery, acquisition and estate investment, to be financed from a mix of HRA resources and external funding.   6.     To authorise the Council to prepare and submit associated grant bids (including, but not limited to, GLA/Homes England and other eligible programmes) to maximise external funding in support of the 10-year New Homes programme   7.     To delegate powers to the Strategic Director of Housing and Regeneration following consultation with, the Managing Director, Strategic Director for Finance, portfolio holder for Housing and the portfolio holder for Finance and Highways, to:   a.     Finalise the detailed programme, phasing and scheme prioritisation within the approved 10-year envelope.   b.     Approve and submit grant applications and accept grant awards   c.     Enter into funding agreements and take all necessary steps to give effect to the programme, subject to the Council’s Contract Procedure Rules and Financial Regulations; and   d.     Make in-year adjustments to the programme where required to optimise delivery and value for money, provided these can be contained within the approved budget and borrowing limits.  

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