The Council’s 30-year business plan for
its Housing Revenue Account (HRA) underpins its strategic thinking
and helps evaluate forthcoming plans holistically. This is critical
when the national focus is on local authorities accelerating
delivery and, as this report outlines, the Council is looking to
expand its own new-build plans and acquisitions.
The financial model forecast that the HRA business plan continues
to be a robust and viable business and is able to deliver its key
priorities, even in the context of a significantly increased
programme. However, national political, economic and legislative
changes could adversely affect the financial position, so risks
must be considered and capacity built into the overall model.
This report included, as an appendix (Appendix D), the
Council’s new Affordable Housing Delivery Plan 2019-2023 for
members to endorse, which sets out how the right homes will be
delivered in the right places and the strategic context in which
the delivery programme sits, enabling work with Registered
Providers and acquisitions (land and on-street purchases).
Agree that given the positive impact of street purchases on the
overall programme, the existing delegation to the Head of Housing
(no.14.9) be amended as set out in paragraph 35 of the 2019 October
Cabinet report.
In line with the above the acquisition of 129 properties off the
open market have been completed since the date of this
report..
Decision type: Key
Reason Key: Expenditure > £500,000;
Decision status: Recommendations Approved
Notice of proposed decision first published: 21/11/2023
Decision due: 10 Oct 2019 by Chief Executive
Contact: Sharon Williams, Assistant Director - Housing Email: sharon.williams@ashford.gov.uk Email: sharon.williams@ashford.gov.uk Tel: 01233 330803.