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Monday, 24 July 2017

Gap in the HRA

Tonight Brent Council's Cabinet meets and discusses future financial planning.  Among the concerns are the Housing Revenue Account (HRA), which is essentially the money related to Council properties.  Income is likely to go down as the government has prescribed a rent reduction and the number of properties is dwindling. 

As far as I can see the document pays no attention to the planned enormous increase in fire safety spending (up by 400%).  Given the limit on rents, this increase is going to force a reduction in general repairs, and or any new build and this should be acknowledged in forward planning.

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