Purpose

Recommendations to
full Council in respect of the housing revenue account for
2024/25

Content

Recommended to Full Council (Budget and policy
framework):
 
(1) The HRA budget for 2024/25 and revised
2023/24 budget as set out at Appendix 1 to the report.
 
(2) That social and affordable rents
(including Shared Ownership) are increased by 7.7% with effect from
1st April 2024 in line with government policy.
 
(3) That, with effect from 1 April 2024, when
social-rented properties are relet to new tenants, the applicable
rent will be increased by 5% above target rent.
 
(4) That the revised service charges as set
out in paragraphs 2.3 to 2.6 of the report are implemented with
effect from 1st April 2024.
 
(5) That Garage rents are increased by
6.7%.
 
(6) To grant delegated authority to the Chief
Executive, in consultation with the Cabinet Portfolio holder for
Finance and Resources and the Chief Finance Officer to finalise
Eastbourne Homes’ Management Fees and Delivery Plans for both
2023/24 and 2024/25.
 
(7) The HRA Capital Programme as set out at
Appendix 2 to the report.
 
(8) To note that £871.5k of Major Works
expenditure is shown in the Capital Programme in 2024/25 and
2025/26 to improve EPC ratings in HRA properties, this expenditure
being the subject of a Government grant
bid to secure 50% match-funding.