Agenda item

Verbal report of the Chartered Institute of Housing.

The Sub Committee received a presentation from Simon Smith from the Chartered Institute of Housing regarding the Housing Revenue Account (HRA), a ring-fenced account for the landlord-related income and expenditure for the Housing Stock. Mr Smith gave an overview of the history of the Account and detailed the Corporation’s financial position, which was relatively positive as compared with London-based Local Authorities. Members discussed the impact High Value Voids and Pay to Stay initiatives being proposed would have on the business plan, and noted that the City of London Corporation had repaid the self-financing debt.

The Chairman thanked Mr Smith for his presentation.