Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: February 24, 2026

Purpose:

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.