It was resolved –
• To note recent developments in ending the HRA Subsidy system in Wales and move to a self-financing model for local authority housing.
• To endorse the Council’s response to the Welsh Government’s consultation document, “New Local Housing Authority Self-Financing System (HRAS Reform), May, 2014 (section 5 of the report).
• To endorse Option 3 for the distribution of the borrowing cap as an acceptable option.
• To endorse the strategic direction for the Housing Service to become self-financing and that a project team be established to proceed with preparing for exiting HRAS by the end of Marche, 2015, and that the Portfolio Member for Housing be a member of the project team.
• That a seminar be arranged for all Elected Members in the Autumn on self-financing.