Decision details

*RESOLVED –

1.   That for the financial year 2024/25, individual social rents for current general needs tenants be set based on the current national social rent policy, giving a rent increase of 7.7% with effect from 1 April 2024.

2.   That for the financial year 2024/25 and onwards, where a social rent property is re-let to a new or transferring tenant the rent level be increased to the target rent for that property.

3.   That for the financial year 2024/25, individual affordable rents be set based on the current national social rent policy giving a rent increase of 7.7% with effect from 1 April 2024.

4.   That for the financial year 2024/25 and onwards, where an affordable rent property is re-let to a new or transferring tenant the rent level be set by reference to 80% of the market rent (including service charges where applicable) for a similar property at the time of letting, or the formula rent for the property, whichever is greater.

5.   That the Housing Revenue Account Service Charges for the financial year 2024/25, as set out in Appendix 1 of the officer’s report, be approved.

REASONS FOR DECISIONS

1.   To enable the Council to set the level of council house rents for the financial year 2024/25 in accordance with Government guidelines and the Rent Standard.

2.   To enable the Council to set the level of service charges for the financial year 2024/25 to recover the costs of providing these services to tenants.

3.   To contribute to the Council’s corporate priority to ‘improve the quality of life for local people’.