Issue - meetings

To consider the Additional HRA Borrowing Headroom report.

Members considered the report of the Portfolio Holder for Housing informing the Cabinet of the Government’s announcement to make up to £1 billon additional Housing Revenue Account borrowing headroom available in areas of high affordability pressure for local authorities that are ready to start building new homes and asking the Cabinet to note the proposed submission of a bid from the council for £3 million additional borrowing headroom.

In response to a Member question, the Portfolio Holder for Housing said the deadline for submitting bids to use the additional borrowing approvals to build new rented housing had been extended to 28 September.