The Housing Revenue Account (HRA) Self-financing Performance Toolkit is designed to provide housing authorities with the means to self-assess their HRA performance against the principles set out in the Voluntary Code for the Self-financed HRA.HRA Self-financing started in April 2012. Self-financing means local housing authorities can retain all the money they receive in rent which enables them to plan and provide services to their current and future tenants.
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Housing authorities have responded to the move to self-financing by putting in place formal and comprehensive objectives, policies and practices, strategies and reporting arrangements for the effective management and control of their self-financed HRA.
This toolkit will indicate where strengths and weaknesses lie, and where major risks against the 30 year business plan need better management.
Housing authorities can self-assess performance against these categories:
CIPFA recommends that the assessment is undertaken by several people (including officers, managers, tenant representatives (as appropriate) and members. The analyses generated can then be used to discuss different perceptions of performance, as well as agreeing priorities for action to improve performance in the future.
The toolkit will provide an overall ‘health check’ of the critical parts of the housing service you manage, and can be used as many times as you choose. It will also help to:
CIPFA recommends that the toolkit is used in conjunction with the Voluntary Code for the Self-financed HRA.
Voluntary Code for a Self-financed Housing Revenue Account
Housing Finance under Self-financing