Housing revenue account business plan

The Housing Revenue Account (HRA) Business Plan sets out the priorities, plans and actions for council housing over the next 30 years. The HRA Business Plan was revised in September 2014 to include 2014/15 figures and identify new priorities. You can also download the associated Housing Capital projections.

Its purpose is to show that we can maintain our housing assets and deliver a quality customer focused service as well as improving homes and neighbourhoods.

It is, first and foremost, a financial plan which sets out how we will meet the needs of present and future tenants whilst ensuring the long term viability of our stock.

Reasons for a business plan

An effective HRA Business Plan has become evermore crucial since central government announced the reform of the rules governing local authority housing finance and the introduction of the self-financing system.

This new system requires local authorities to take on a one-off debt, in York's case £121.5 million, and in return keep all its revenue income. A proportion of right to buy receipts are still pooled and returned to central government.

It is crucial that the HRA continues to be managed on sound business principles.

The reforms open up some exciting opportunities for York to play a pivotal role in not only developing much needed social housing but also delivering council priorities to grow the economy.

Demand for social housing in York remains high, particularly for larger family homes and this plan sets out our aspiration to build new council housing of the types required.

Aims of the business plan

The business plan sets out the investment required to:

  • maintain our housing stock in order to continue providing good quality sustainable council homes to meet a range of needs for today and future generations
  • achieve and maintain high standards of housing management and effective tenant involvement
  • assist people in housing need to access social housing and to offer support to help vulnerable tenants to maintain their tenancy and independent living
  • respond to and pre-empt changing demand patterns, maintaining a balanced portfolio of housing to address a wide range of needs
  • increase the environmental sustainability of our housing stock
  • deliver the investment programme in a cost effective manner in accordance with sound procurement principles

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