Purpose

This report presents the proposed Housing
Revenue Account (HRA) revenue and capital budget for 2025/26 as
required by the Local Government & Housing Act 1989.

Content

That
Cabinet:

 

1)            
Approves a rent increase of 4.8% in line with
government legislation as detailed in paragraph 3.12 of the
report.

 

2)            
Approves a 5% rent increase for all new and re-let tenants,
in accordance with the rent flexibility policy as set out at
paragraph 3.10 of the report.

 

3)            
Approves the service charges and fees as detailed in
Appendix 2 to the report.

 

4)            
Notes the Medium-Term Financial Strategy (MTFS) and
30-year financial projections shown in Appendix 4 to the
report.

 

5)            
Notes and recommends to Full Council for approval
the HRA Revenue Budget for 2025/26 as outlined in table 1 of the
main report and Appendix 1.

 

6)            
Notes and recommends to Full Council for approval
the new Capital Programme Budget of £79.640m for 2026/27 be
agreed as part of the revised capital budget of £126.339m (which includes
reprofiles of £46.699m from 2025/26).

 

7)            
Notes and recommends to Full Council approval of the
earmarking of £1m reserves against disrepair claims for
2026/27.

 

8)            
Notes and recommends to Full Council for approval
the 5-year capital programme as set out in Appendix 3 to the
report.