Issue - meetings
Housing Revenue Account Borrowing Headroom
Meeting: 12/09/2018 - Cabinet (Item 13)
13 Housing Revenue Account Borrowing Headroom 
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The report outlines the current opportunity the Council has to apply for additional borrowing headroom for the Housing Revenue Account (HRA) via the GLA, as well as new grant available to build new council housing.
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).
Minutes:
Councillor Ellie Southwood, Cabinet Member for Housing and Welfare Reform, introduced the report outlining the current opportunity the Council had to apply for additional borrowing headroom for the Housing Revenue Account (HRA) via the GLA, as well as new grant available to build new council housing.
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).