2012/13 Housing Capital Programme

What is the Capital Programme?

• It is the planned major refurbishment and improvement work such as kitchen & bathroom upgrades, replacement windows, new heating systems, re-roofing etc.

• It is not the routine responsive maintenance work (rewashering taps, rehanging doors) or cyclical work such as external redecoration, gas servicing etc.

The Norwich OfferInvestment in council housing

Option 1 Decent Homes Standard (Business as usual)

Option 2 Whole home upgrade

Option 3 Decent Homes plus investment in renewable energy

Option 4 Whole Home upgrade plus investment in renewable energy

Option 5 Any of the above plus residual funding for new build

Capital finance/investment profile based on rent increase of 8.37%

£0

£10,000

£20,000

£30,000

£40,000

£50,000

£60,000

£70,000

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

Capital Expenditure Need

Capital Finance Available

Capital finance/investment profile based on rent increase of 8.37%

£0

£50,000

£100,000

£150,000

£200,000

£250,000

£300,0001 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

HRA CFR

CLG Debt Profile

Debt Cap

Capital finance/investment profile based on rent increase of 5.33%

£0

£10,000

£20,000

£30,000

£40,000

£50,000

£60,000

£70,000

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

Capital Expenditure Need

Capital Finance Available

Capital finance/investment profile based on rent increase of 5.33%

£0

£50,000

£100,000

£150,000

£200,000

£250,000

£300,0001 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

HRA CFR

CLG Debt Profile

Debt Cap

What might next years housing capital programme look like?

• Draft capital programme for 2012/13 could be £24.4m (£19.4m).• 1264 (656) kitchens & 714 (209) bathrooms totalling £8.8m (3.8m).• 850 Heating upgrades totalling £3.7m & £600k on thermal comfort.• 312 Electrical Upgrades £1.08m.• 3000 PVCu windows & 429 composite doors totalling £5.4m.• Community safety: £150k.• Regeneration & renewal; £1.3m.• Programmed preventative maintenance: £1.3m (Nil).• Structural repairs; £2.7m.• Supporting independent living; £2.26m.

Balancing priorities• Linked to Corporate Priorities and Housing

strategy• HRA plan needs to prioritise between:

– Debt repayment– Investment needs & aspirations– New build council housing– Management & services– Rent levels & affordability

• More choices under self-financing but still difficult issues to resolve

Balancing priorities

Summary of the Norwich offer

• Capital investment of up to £24.4m (£19.4m)• Plan for whole home upgrade including new

heating – new minimum Norwich Standard

PLUS• Limited new build = 20/30 units pa from 2013/14

And/or• Consider investment in other renewable energy

measures

Thank you

Questions?