HRABP - Draft 8 - Flipbook - Page 46
Appendix C
Glossary of Terms
Term
Definition
Affordable housing
Social rented, affordable rented and intermediate housing (e.g. shared
ownership), provided to eligible households whose needs are not met by
the market.
Affordable rented
housing
Housing let by local authorities or private registered providers (mainly
housing associations) at a rent up to 80% of the local market rent.
Allocation Scheme
A policy that sets out who may or may not join the council’s housing
register, how to apply for social housing by joining the housing register
and how decisions are made about allocating homes
Asset Management
The monitoring, maintenance, upgrading, investment in and disposal of
land and buildings
Capital Budget
The allocation of money for the acquisition or maintenance of fixed
assets such as land, buildings and equipment
Capital expenditure
Money spent to buy or improve assets (e.g. land or buildings)
Capital Programme
This is planned capital expenditure over a number of years
Capital receipt
Money received for the sale of a capital asset (eg land or buildings)
Choice-based lettings
A scheme whereby people on the council’s Housing Register can ask
to be considered for specific vacant council or housing association
properties, instead of the properties being allocated directly to
applicants.
Consumer Price Index
(CPI)
A measure of inflation that monitors changes in the price level of a
representative basket of consumer goods and services. This is now the
inflationary measure that social rent increases are based on.
Debt Cap
The limit that the Government has imposed under self-financing on the
level of HRA debt each council can take out
Debt Repayment
Reserve
Money is transferred to the Debt Repayment Reserve annually to pay back
the debt when due.
Discretionary Housing
Payment
A short term payment by the council to help people on housing benefit
who are struggling with housing costs
46 East Suffolk HRA Business Plan 2018 - 2048
