Issue details

Decision to re-establish a Housing Revenue Account - KEY/16NOV20/03

The decision recommended is that the Council agrees to re-establish a Housing Revenue Account, enabling the authority to begin a programme of housing development and acquisition of affordable social housing to meet local housing need.

Decision type: Key

Reason Key: Expenditure or savings greater than £500,000;

Decision status: For Determination

Wards affected: (All Wards);

Notice of proposed decision first published: 16/10/2020

Decision due: June 2021 by Cabinet

Lead member: Cabinet Member for Housing, Culture and Recreation

Lead director: Executive Director Place and Economy

Department: Place and Economy

Contact: Mohamed Hussein, Director - Housing Needs and Supply, Email: mohamed.hussein@peterborough.gov.uk, 07866474953.

Consultation process

This decision follows and earlier decision of the Council to explore the option of re-opening the Housing Revenue Account. The decision to move forward with the proposal has been shared with local Housing Associations for comment.

Relevant Scrutiny Committee: Growth, Environment and Resources Scrutiny Committee