Decision Maker: Cabinet

Outcome: Recommendations approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: February 4, 2025

Purpose: To set the HRA budget for 2025/26

Content: The Cabinet considered the rent levels and service charges for the Housing Revenue Account (HRA) and a recommended budget for 2025/26 and then recommended that the Council Meeting give approval to:-   (1) An increase of 2.7% for social and affordable rent;   (2) An increase of 3.2% for rent of shared ownership properties;   (3) Service charge increases as outlined in section 5, with authority delegated to the Director of Finance, in consultation with the Cabinet Member for Economy, Regeneration & Housing, to agree a lower increase should this be necessary;   (4) The Housing Revenue Account Budget for 2025/25 as set out in Appendix 1.