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*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’.