Published: 10th Jan 2019

Sheffield City Council has announced it will invest over £400m into its council housing stock and reduce rents for over 39,000 council homes. The proposals, published as part of the council’s annual review of its Housing Revenue Account (HRA) business plan, include plans to build 1,600 new homes, acquire new homes, and ensure that tenants’ homes are well maintained for the next five years. The proposals will be put for approval by the council’s cabinet next Wednesday (January 16). Cllr Jim Steinke, cabinet member for Neighbourhoods and Community Safety at the council, said: ‘We are pleased that we will be able to build more quality, safe and affordable homes as a result of the lifting of the Housing Revenue Account Cap. ‘We will be working closely with tenants and leaseholders to develop our plans over the coming year to make sure that we get the balance right between improving our existing … (To read the full article, subscribe below)