Housing Revenue Account (HRA) overspending
Tower Hamlets Council is addressing a £12.6 million Housing Revenue Account overspend, driven by temporary accommodation demand.
Tower Hamlets Council is currently addressing a significant overspend in its Housing Revenue Account (HRA). Provisional figures heard by the council's Audit Committee in July 2026 showed the HRA overspent by £12.6 million in the 2025/26 financial year, primarily due to increased demand for temporary accommodation.
The council's Audit Committee heard these provisional figures on 23 July 2026, detailing the extent of the overspend. This financial challenge is driven by demand pressures, particularly in temporary accommodation, and represents a significant issue for the council's financial planning.
Key facts
- Tower Hamlets Council's Housing Revenue Account (HRA) overspent by £12.6 million in the 2025/26 financial year. Source
- Provisional figures for the HRA overspend were heard by the Audit Committee on 23 July 2026. Source
- The HRA overspend was attributed to increased demand pressures in temporary accommodation. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.