Decision details

Draft HRA Budget 2021-22 and MTFS 2022-23 to 2023-24

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


To approve the draft HRA budget for 2021-22 & MTFS for submission to Cabinet (then Council) for approval of rents, service charges, revenue and capital budgets.




(1)          the proposed average weekly rent for non-sheltered and sheltered accommodation of £118.01 and £98.18 for 2021-22 respectively, as set out in paragraph 34 of the officer report, be approved;


(2)          the proposed average weekly tenant service charge of £3.32 per week as set out in paragraph 40 of the officer report, be approved;


(3)          the proposed average weekly rents for affordable rented and shared ownership accommodation of £197.11 and £199.82 for 2021-22 respectively as set out in paragraph 35 to 36 of the officer report, be approved;


(4)          an increase in the overall Housing Revenue Account (HRA) Capital programme of £28,013,177 made up £4,507,424 planned investment and £23,505,753 Building Council Homes for Londoners (BCHfL), as set out in paragraphs 56 to 66 of the report, be approved;


(5)          charges for Facilities, Community Halls, Garages and Water to remain unchanged as set out in appendices 3 to 6 to the report, be noted;


(6)          the reconfigured planned investment programme which continued to focus on health and safety and compliance as well as supporting increased flexibility in its delivery, with provision to support the Council’s ambition to reduce carbon emissions in the coming years, be noted :


(7)          the assumptions made in construction of the budget and likely changes to be made in the final budget be submitted to Cabinet on 11 February 2021;


(8)          the Risk Management Implications which required prudent financial reserves, volatility around borrowing costs and ongoing probability of reforms in the housing sector, be noted.


Final approval for the budget and MTFS would  be sought from Cabinet and Council in February 2021.


Reason for Decision:  To recommend the draft HRA budget and capital programme for 2021-22 and the MTFS for 2022-23 to 2023?24.


Alternative Options Considered and Rejected:  As set out in the report.


Conflict of Interest relating to the matter declared by Cabinet Member/Dispensation Granted:  None.

Report author: Divisional Director, Housing Services

Publication date: 22/01/2021

Date of decision: 21/01/2021

Decided at meeting: 21/01/2021 - Cabinet

Effective from: 30/01/2021

Accompanying Documents: