Decision

Housing Revenue Account Business Plan, Medium Term Budget and Rent Setting for 2025-26

Decision Maker: Cornwall Council

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: February 25, 2025

Purpose:

Content: It was moved by Councillor Monk, seconded by Councillor Taylor and   RESOLVED   1. That the Housing Revenue Account Business Plan and budget for 2025/26, as set out in Appendix 1 to the report, be approved. 2. That the rent for both social and affordable tenants be increased at CPI (September 2024 at 1.7%) plus 1% for the financial year for the 2025/26. 3. That the rent for new affordable and social tenants increase be charged at formula rent and increase at CPI (September 2024 at 1.7%) plus 1% for the financial year for the 2025/26. 4. That the rent charged on leases of shared ownership properties (created before October 2023) be increased by the January 2025 RPI plus 0.5% for the financial year 2025/26. 5. That garage rents be increased by £3.50 per week (plus VAT where applicable) for the financial year 2025/26. 6. That existing services charges be increased based on actual costs. 7. That Cornwall Housing Limited (CHL) be delegated authority to consult with tenants in older person schemes forming part of the Housing Revenue Account and implement a new range of services that will be funded through service charges.   ACTION: Councillor Monk to provide information to Councillor Frost on the terms and conditions of responsibilities for maintenance of garages. 

Supporting Documents

Housing Revenue Account Business Plan Medium Term Budget and Rent Setting for 2025-26 - Appendix 1.pdf
Housing Revenue Account Business Plan Medium Term Budget and Rent Setting for 2025-26.pdf
Housing Revenue Account Business Plan Medium Term Budget and Rent Setting for 2025-26 - Appendix 2.pdf

Related Meeting

Cornwall Council - Tuesday, 25th February, 2025 10.30 am on February 25, 2025