Housing Revenue Account Business Plan, Medium Term Budget and Rent Setting for 2025-26
February 25, 2025 Cornwall Council (Other) Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...to approve the Housing Revenue Account Business Plan and budget for 2025/26, including rent increases for social and affordable tenants, shared ownership properties, and garage rents, as well as increased service charges and delegated authority to Cornwall Housing Limited for tenant consultation on new services.
Full council record
Content
It was moved by Councillor
Monk, seconded by Councillor Taylor and
RESOLVED
1. That the Housing Revenue
Account Business Plan and budget for 2025/26, as set out in
Appendix 1 to the report, be approved.
2. That the rent for both
social and affordable tenants be increased at CPI (September 2024
at 1.7%) plus 1% for the financial year for the 2025/26.
3. That the rent for new
affordable and social tenants increase be charged at formula rent
and increase at CPI (September 2024 at 1.7%) plus 1% for the
financial year for the 2025/26.
4. That the rent charged on
leases of shared ownership properties (created before October 2023)
be increased by the January 2025 RPI plus 0.5% for the financial
year 2025/26.
5. That garage rents be
increased by £3.50 per week (plus VAT where applicable) for
the financial year 2025/26.
6. That existing services
charges be increased based on actual costs.
7. That Cornwall Housing
Limited (CHL) be delegated authority to consult with tenants in
older person schemes forming part of the Housing Revenue Account
and implement a new range of services that will be funded through
service charges.
ACTION:
Councillor Monk to provide information to Councillor Frost on the
terms and conditions of responsibilities for maintenance of
garages.
Related Meeting
Cornwall Council - Tuesday, 25th February, 2025 10.30 am on February 25, 2025
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 25 Feb 2025 |