Purpose

The ‘Rent Setting Policy’ ensures we are regularising the current annual rent setting process, that re-confirms the rent setting is part of the annual Housing Revenue Account budget setting process.

The policy requires the council to adhere to the Rent Standard 2020 and any subsequent amendments in legislation regulation or guidance including the updated Rent Standard 2023. That in practice, means our approach to rent setting continues without any changes to our historical approach.

Decision

RESOLVED that the Executive approved the Rent Setting Policy as set out in Appendix 1 to the report attached to the agenda, for which the ‘Rent Setting Policy’ primarily relates to the Housing Revenue Account (2573 properties) plus includes a small number (18 properties) of General Fund properties.