AGENDA ITEM NUMBER : PUBLIC SESSION TITLE : HOUSING INVESTMENT PROGRAMME ESTIMATES 2005/06 – 2007/08 TO : SOCIAL BOARD DATE : 22 FEBRUARY 2005 BY : DIRECTOR OF CORPORATE SERVICES AUTHOR : MARTIN HOULDEN, ACTING ACCOUNTANCY SERVICES MANAGER LINK TO COUNCIL POLICY 1. The Housing Investment Programme (HIP) falls within the remit of the Housing Strategy and Housing Business Plan Policy page H-13 and the Housing Grants Policy page H-10. PURPOSE OF REPORT 2. To provide members with details of the estimated resources for schemes proposed to be included in the Council’s Housing Investment Programme for 2005/06 and give indicative figures for the 2006/07 and 2007/08 programmes. LINK TO CORPORATE AIMS AND PRIORITIES 3. The Housing Investment Programme directly links into Corporate Objective 7 by improving the quality of the housing stock. The Programme also links into local indicator LPAH3 by making the best use of public and private sector housing through efficient maintenance and improvement programmes. RECOMMENDATION THAT MEMBERS: I) APPROVE THE 2005/06 PROPOSED PROGRAMME II) APPROVE THE CARRY FORWARD OF ANY FURTHER RESOURCES GENERATED IN 2005/06 TO THE 2006/07 PROGRAMME III) NOTE THE ESTIMATED RESOURCES TO FUND THE 2006/07 AND 2007/08 PROGRAMMES IMPACT ON CORPORATE PRIORITIES 4. To indicate how the report affects the Council’s approach to: Best Value – No direct link, the report gives an overview of the funding resources available within the HIP. Equalities – No direct link. Crime Reduction – No direct link although funding resources are made available within the programme towards crime prevention schemes. Procurement – No direct link. Risk Management and Risk Register – The HIP projects are planned to maximise use of funding resources in the financial year. Progress against budget is reported to the Social Board during the year. Sustainability – Local Agenda 21 – No direct link. EXECUTIVE SUMMARY 5. It is expected that resources of £5.739m will be required for the 2005/06 Housing Investment Programme, and that resources of £3.472m will be available for 2006/07 and £3.472m for 2007/08. A detailed programme will be presented to the next Board meeting to match these resources. SUPPORTING INFORMATION 6. Appendix A shows the proposed programme for 2005/06 together with the forecasted resources for 2005/06 and an estimate of the resources available for 2006/07 and 2007/08. 7. The details of schemes for 2005/06 are shown in Appendix B. These also include Housing Revenue Account capital schemes approved by members at the Social Board meeting on 11 January 2005, together with General Fund bids in relation to private sector grant work that are funded from the Housing Investment Programme. 8. It is estimated that resources available in 2005/06 will be £5.739m and the proposed programme matches this figure. 9. The resources for 2005/06 include the carry forward of funding £910k and the unallocated resources £455k from the 2004/05 programme reported to members at the November Board meeting. 10. Achieving the decent homes standards by 2010 continues to be a priority and the funding allocation reflects this. Work on energy conservation also counts towards the standard. 11. It is the intention of officers to maximise the use of resources on decent homes. As the results of surveys on the housing stock become available the precise allocation between decent homes work and energy conservation work may be varied. Allocation of resources within the programme will be reported to members on a regular basis. 12. In calculating the capital receipts available for use in the programme, officers estimate that 80 will be sold. Should this figure not be achieved the programme will be adapted and any changes reported to members. FINANCIAL IMPLICATIONS 13. The resources available within the Housing Investment Programme cover the costs identified within this report. BACKGROUND DOCUMENTS 14. Housing Investment Programme files within Accountancy Section.