Purpose

The revenue and capital budgets for 2024/25 are set and tenants rent levels are set for
2024/25 to ensure sound finances and value for money in providing housing services for
council tenants.

Decision

That the Executive endorses and recommends to Council for approval:

1)             The Housing Revenue Account budget for 2024/25 (Appendix A);

2)             Council house dwelling rents be increased by up to 7.7% effective from 1st April 2024 in line with the council’s Rent Setting Policy that was approved by Executive on 26th October 2023;

3)             Garage rents to be increased by 8.33% effective from April 2024;

4)             Shared Equity Rents to be increased by 7.7% effective from April 2024;

5)             Tenant Service Charges to be increased over the next three year to achieve full cost recovery effective from April 2024;

6)             The Housing Major Repairs (capital) programme for 2024/25 as set out in Appendix B;

7)             Sheltered room guest charges for 2024/25 remain unchanged at £9.50 per night per room.