Housing Revenue Account Revenue & Capital Budget 2026/27

February 24, 2026 Approved View on council website
Full council record
Content

The
Council voted (28 voting in favour, 8 voting against, 0 abstaining
from voting) and resolved to:
 
Housing
Revenue Account (HRA): Revenue
 

(a)  
Approve the HRA revenue budget for 2026/2027 as
shown in the HRA Budget Summary as presented at Appendix
A.
 

(b)  
Approve the HRA Medium Term Financial Strategy
forecasts as shown in Appendix B.
 
HRA:
Review of Rents and Charges
 

(c)  
Approve the rent increase of 4.8% for all social
rent properties (recognising that inflation measured by the
Consumer Price Index (CPI) at September
2025, plus 1% results in an increase of 4.8%).
 

(d)  
Approve a rent increase of 4.8% for all affordable
rents (inclusive of service charge) in line with the increase for
social rents.
 

(e)  
Approve a rent increase of 4.7% for affordable
shared ownership properties (recognising that inflation measured by
the Retail Price Index (RPI) at December
2025 plus 0.5% results in an increase of 4.7%).
 

(f)   
Approve garage rent increase of 4.8% in line with
the increase for social rents.
 

(g)  
Approve the proposed service charges for HRA
services and facilities provided to both tenants and leaseholders,
as shown in Appendix D.
 
 
The
Council further voted (35 voting in favour, 1 voting against, 0
abstaining from voting) and resolved to:
 
HRA:
Capital
 

(h)  
Approve the required level of funding for new build
investment between 2026/2027 and 2030/2031 to ensure that
commitments can be met in respect of the investment of all right to
buy receipts currently retained or anticipated to be received by
the authority for this period. This expenditure will take the form
of HRA new build, with the 60% top up met by other HRA
resources.
 
(i)   
Approve the Housing Capital Programme as shown
in Appendix C.

Supporting Documents

Appendix E - HRA Earmarked Specific Funds.pdf
HRA Revenue Capital Budget 2026-2027.pdf
Appendix A - HRA Summary Budgets.pdf
Appendix C - HRA Capital Programme.pdf
Appendix B - Financial Forecast 2025-26 - 2029-30.pdf
Appendix D - Service Charges 2026-27.pdf

Details

OutcomeRecommendations Approved
Decision date24 Feb 2026