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, 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:
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