Purpose

To agree the detailed HRA
budget proposals, rent levels and service charges for 2026/27, and
the HRA Capital Programme 2024-29.

Content

Recommended to Full Council (Budget and policy framework):
1)   
To approve the Housing Revenue Account (HRA) Revenue
budget for 2026/27 and revised budget for 2025/26 as set out in
Appendix 1 to the report.
 

2)   
To approve the five-year HRA Capital Programme as
set out in Appendix 2 to the report.
 

3)   
To approve an increase of 4.8% to social and
affordable rents (including shared ownership) with effect from 6
April 2026 in line with government policy.
 

4)   
When Social Rented General Needs properties are
relet to new tenants, to approve that the applicable rent will be
increased by 5% above target rent with effect from 6 April 2026 in
line with government policy.
 

5)   
When social rented supported accommodation
properties are relet to new tenants, to approve that the applicable
rent will be increased by 10% above target rent with effect from 6
April 2026 in line with government policy.
 

6)   
When affordable rented properties are relet to new
tenants, to approve that the applicable rent is reset to 80% of
market rent (inclusive of Service Charges), with effect from 6
April 2026 in line with government policy.
 

7)   
To approve that the revised service charges as set
out in paragraphs 2.5 of the report and Appendix 3 to the report
are implemented with effect from 6 April 2026.
 

8)   
To approve an increase of 10% to garage rents with
effect from 6 April 2026.
 

9)   
To note that £1.942m of Major Works capital
expenditure profiling over 3 years between 2025/26 to 2027/28, is
being 50% match funded by grant. The Government scheme aims to
improve EPC ratings in the HRA properties.