Housing Revenue Account (HRA) Reform / HRA Self Financing
Important changes to the way council housing is paid for
There have been big changes to the way in which money for council owned homes is spent. The government want you and your council to have more say in:
how your rent money is spent
what happens to your council housing
planning your local housing environment
the services you need and pay for
The government describes these changes as Housing Revenue Account (HRA) Reform, or HRA Self Financing.
How will the new rules affect you?
There are new rules. The government used to ask councils to pay some of the rent collected each year back into a central pot for use in other parts of the country. Now, in exchange for paying the government a large one-off sum on 28th March 2012, Enfield Council will keep all the rent money that it collects in the future and use it to improve how your homes are managed and maintained by Enfield Homes. And you will have a bigger say in how this is done.
You will gain because over time:
- The council will have more money to spend on managing and maintaining council owned homes.
- You will see a clear link between the rent you pay and the services provided.
- The council will work with you to plan services based on local need, rather than central government rules.
Planning ahead for managing and maintaining Enfield's Council homes
Enfield Council must write a HRA 30 year Business Plan and a HRA 30 year Asset Management strategy which set out the long term priorities and ambitions for council homes in the Borough. This will include plans for investment in houses, flats and estates, and service improvements. The plan must be affordable, and this is where there will be choices to make. We need to be able to pay for the housing stock and services that you and we want and balance this by setting your rent at a level that you and we can afford.
The links below show Enfields HRA 30 Year Business Plan, Five Year Capital Works Programme and the Asset Management Strategy.
Am I too late to have my say?
No. The Council will be continually updating its HRA plans and strategies on a ongoing basis and will consult with you as changes and opportunities present themselves.
For more information or anything else that you would like to ask or comment on regarding HRA Reform, please contact the Project Manager, Helen Waring
Predictive Equality Impact Assessment
This page was last updated on 24-Jul-2013.