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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) To agree that social and
affordable rents (including Shared Ownership) are increased by 7.7%
with effect from 1st April 2024, in line with government
policy issued in December 2022
 
(3) To agree that, with effect
from 1st April 2024, when social-rented properties are relet to new
tenants, the applicable rent will be increased by 5% above target
rent
 
(4) To agree that the revised
service charges as set out in paragraph 2.3 of the report are
implemented with effect from 1st April 2024
 
(5) To agree that garage rents
are increased by 6.7%.
 
(6) To agree the HRA Capital
Programme as set out at Appendix 2 to the report.
 
(7) To note that £5.691m
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.