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Housing Revenue Account budget for 2019/20
Published: 18/01/2019
97色网鈥檚 Community and Enterprise Overview and Scrutiny Committee will be considering and commenting on the draft the Housing Revenue Account (HRA) budget for 2019/20 and the summary HRA 30 year Financial Business Plan when it meets on Wednesday 23 January.
The HRA 30 year Business Plan covers the ambitious council house building programme, 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 for its 7,300 Council properties
The council is required to meet the Welsh Government target for rent levels for council homes over time, and the formula for setting rents each year is also set by Welsh Government. The way rents are currently calculated (Consumer Price Index 鈥淐PI鈥� + 1.5% + up to 拢2 per week) expires on 31 March 2019.聽 For 2019/20 only, an interim policy will apply which will see the annual uplift set at CPI only 鈥� i.e. 2.4%.聽 Social landlords can also only apply 鈥渦p to 拢2 per week鈥� if the average weekly rent is below their Target Rent Band.
This will be in place for one year until the Affordable Housing Supply Review being undertaken by Welsh Government has concluded
Garage rents are set to increase by 拢1 per week and a garage plot rent increase of 拢0.20 per week is proposed
97色网鈥檚 Cabinet Member for Housing, Councillor Bernie Attridge, said:
鈥溌�22.9m has been built into the WHQS and Asset Investment Programme for 2019/20. This includes provision for internal work (kitchens and bathrooms), external work (windows, doors, roofing, guttering), environmental programmes, adaptations for those with disabilities, energy efficiency works and strategic acquisition.
鈥淚n addition, there is 拢11.3m available for the Council鈥檚 house build schemes to ensure that more council houses are built during 2019/20.鈥�