Content

That Council: -
 
a)   
Approves the 2024/25 Housing Revenue Account (HRA)
Budgets consisting of the Corby Neighbourhood Account and the
Kettering Neighbourhood Account as set out in Appendix A
to the report.
 
b)   
Approves an increase in dwelling rents for 2024/25
of 7.7% which adheres to the Department for Levelling Up, Housing
and Communities (DLUHC) formula on rents for social housing for
both the Corby Neighbourhood Account and the Kettering
Neighbourhood Account.
 
c)   
Approves the Housing Revenue Account Medium Term
Financial Plan consisting of the Corby Neighbourhood Account and
the Kettering Neighbourhood Account, for 2025/26 to 2028/29 as set
out in Appendix B.
 
d)   
Notes the forecast reserves for the Corby
Neighbourhood Account and the Kettering Neighbourhood Account up to
2028/29 as set out in Appendix C.
 
e)   
Notes the comments from the Corporate Scrutiny
Committee as detailed at Appendix D.
 
Reason for Decision:-
 
To
ensure that the Council complies with its Constitution in setting
the budget for North Northamptonshire.
 
Alternative Options Considered:-
 
These HRA Budgets have been subject to a formal budget
consultation and comments from the consultation have been
considered as part of this process.