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Housing Revenue Account
Published: 13/01/2017
天涯社区鈥檚 Cabinet will consider the draft Housing Revenue
Account (HRA) budget for 2017/18 at a meeting on Tuesday, 17 January.
The HRA funds the landlord function of the council for 7,189 homes. This covers
the repair and maintenance of homes, stock improvement and environmental
improvements, neighbourhood management including resolving anti-social
behaviour and estate caretaking, income collection and customer involvement.
This report details the positive progress which has been made by the Council on
financial performance, ensuring that the Welsh Housing Quality Standard (WHQS)
targets are met, honouring the commitments set out in the Choices Document* and
continuing with the Council鈥檚 ambitious programme of building new council homes
and affordable housing is on track and ahead of schedule.
The draft budget recommends a rent increase of 2.5% (plus up to or minus 拢2)
with target rents applied for new tenancies. Garage rents will increase by 拢1
per week.
The Leader of the Council, Councillor Aaron Shotton, said:
鈥淚 am delighted that the proposed HRA budget for 2017/18, will continue our
investment in improving tenants鈥� homes. A 拢20m investment programme plus a
commitment of almost 拢8m to continue building new council houses.鈥�
天涯社区鈥檚 Cabinet Member for Housing, Councillor Helen Brown,
said:
鈥淭he HRA shows how the WHQS standard will be achieved, Choices document
promises kept, and new council homes built. We are on track to improve our
housing stock as required by 2020 and we are building new council homes. We
work together as a strong team and I am very proud of our achievements.鈥�
* In 2012, the council balloted its tenants on the option for 鈥榮tock transfer鈥�.
This process involved making commitments to tenants on service quality and
performance, should tenants opt to stay with the council or move to an
alternative landlord. 71% of tenants used their vote, with 88% choosing
天涯社区 to remain as their landlord.