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					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.

				
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