Decision details

Housing Revenue Account Borrowing Headroom

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To agree to the business case to increase the HRA borrowing headroom

Decision:

RESOLVED:

(i)            Cabinet agreed for the Council to bid for additional headroom borrowing to build new Council homes at social rent level; and 

 

(ii)          Cabinet agreed that should negotiations with the GLA alter the proposed amount of borrowing, the decision to progress be delegated to the Strategic Director, Community Wellbeing in consultation with Cabinet Member for Housing and Welfare Reform and the Chief Finance Officer (s.151 Officer).

 

Reason Key: Affects more than 2 wards;

Wards Affected: (All Wards);

Contact: Hakeem Osinaike, Operational Director Housing Email: Hakeem.Osinaike@brent.gov.uk Tel: 020 8937 2023.

Report author: John Magness

Publication date: 13/09/2018

Date of decision: 12/09/2018

Decided at meeting: 12/09/2018 - Cabinet

Effective from: 20/09/2018

Accompanying Documents: