Agenda item

Decision

number:

Decision:

The Cabinet noted the outcome and comments of the Regeneration, Culture and Environment Overview and Scrutiny Committee as set out in section 18 of the report.

20/2025

The Cabinet agreed to recommend to Full Council:

a)         a proposed social rent increase of 2.7% (CPI of 1.7 plus 1%) for the social rent housing stock as set out in Appendix A to the report (based on 52 collection weeks), with effect from 1 April 2025. All new tenancies issued during 2025/26 to be set at either the formula rent or rent cap for social rent dwellings, whichever is the lower.

b)        a proposed affordable rent increase of the lower of Local Housing Allowance (LHA) rate or 2.7% (CPI of 1.7 plus 1%) for the affordable rent properties as set out in Appendix B to the report (based on 52 collection weeks), with effect from 1 April 2025. All new tenancies during 2025/26 to be set at either 80% of market rent or the LHA rate for affordable rent dwellings, whichever is lower.

c)         a proposed rent increase of 2.7% to be applied to all garage tenure types with effect from 1 April 2025 as stated in section 5 of the report.

d)        to approve the service charges increases/decreases as set out in Appendix C to the report for 2025/26.

e)         to approve the revenue budget for the HRA service for 2025/26, as set out in Appendix D to the report.

f)          to approve the provision for the estimated repayment of debt, based on annuity-based payment as set out in section 7.3 of the report, on the HRA’s outstanding debt.

g)        to delegate authority to the Assistant Director, Culture and Community to agree weekly rental values presented by the Head of Tenant Services for any in-year completed HRA acquisitions and/or new builds during 2025/26.

h)        to approve the 30-year HRA Business Plan model as attached at Appendix E to the report.