1. That the Business Plan set out at Appendix 1 to the Cabinet report on 22 January
2020 be adopted as the approved Housing Revenue Account Business Plan including:
a. The revenue budget for 2020-2021 at Appendix 1 to the Cabinet report
b. The Capital programme for 2020-2021 to 2024-2025 at Appendix 2 to the Cabinet report that includes the following among the proposed investment plans:
· Continued investment in the New Build Programme
· Further investment for the Heath Town Estate refurbishment programme
· Plans for estate remodelling
· Resources for a programme of planned Medium and Low-Rise Fire Safety
· Improvements.
2. That the implementation of an increase of 2.7% 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 2020.
3. That the rates for garage rents and service charges set out in Appendix 3 to the Cabinet report be approved and tenants be normally notified.
4. That Management Allowances for Managing Agents be approved as follows:
· Wolverhampton Homes - £40,090,000
· Bushbury Hill Estate Management Board - £1,460,000
· New Park Village Tenant Management Co-operative - £383,000
· Springfield Horseshoe Housing Co-operative - £360,000
· Dovecotes Tenants Management Organisation - £1,113,000
5. That authority be delegated to the Cabinet Member for City Assets and Housing in consultation with the Director of City Assets and Housing to approve an adjustment of allowances relating to the management of 162 properties currently managed by Wolverhampton Homes that have been elected to be managed by Bushbury Hill Estate Management Board.