Purpose

To consider the Housing Revenue Account rent and service
charge for 2024/5.

Decision

(a) 
That social &
affordable housing dwelling rent increase by 7.7% from 1st April
2024 in line with current national rent setting formula.

 

(b) 
That tenant service
charges increase by 7.7% from 1st April 2024 in line with inflation
and support the proposal to recover the additional costs currently
being incurred by the HRA in respect of actual costs of services
and income received.

 

(c) 
That garage rents for
council & private tenants and leaseholders increase by 7.7%
from 1st April 2024 in line with inflation.

 

(d) 
That it be noted that
the HRA 30yr Business Plan & medium term revenue & capital
budgets for 2024/25 will be considered by cabinet in February
2024.