1.    That the Business Plan set out at Appendix 1 to the Cabinet report be adopted as the approved Housing Revenue Account Business Plan including:

a. The revenue budget for 2022-2023 at Appendix 1 to the cabinet report.

b. The Capital Programme for 2022-2023 to 2026-2027 at Appendix 2 to the Cabinet report that includes the following among the proposed investment plans:

· £118.7 million for new build development

· £42.6 million provision for estate remodelling

· £50.4 million to complete the refurbishment of the Heath Town estate · £79.8 million for programmes to high rise estates to include fire safety improvements, infrastructure replacement, retrofitting of sprinklers and external works.

2.    That the implementation of an increase of 4.1% to social housing rents in accordance with the Welfare Reform and Work Act 2016 be approved and 28 days’ notice be given to all secure and introductory tenants of the rent increase from 1 April 2022.

3.    That the rates for garage rents and service charges set out in Appendix 3 to the Cabinet report be approved and tenants be formally notified.

4.    That the Management Allowances for Managing Agents be approved as follows:

· Wolverhampton Homes - £40,460,000

· Bushbury Hill Estate Management Board - £1,780,000

· New Park Village Tenants Management Organisation - £395,000

· Dovecotes Tenants Management Organisation - £1,148,000