Content

From 1 April 2024 it is proposed
that for the 29 LAHF properties and 44 Russell Avenue owned by the
Council. Rents are increased to the current 2023/24 Local Authority
Housing Allowance Rates. These properties
are used for Afghan and Ukraine Resettled families
as well as temporary accommodation to assist in the Council’s
statutory responsibilities relating to homelessness.
 
On 22 November 2023 the
Chancellor announced in the Autumn Statement that the government
will raise LHA rates in Great Britain to the 30th
percentile of local market rates in April 2024.
 
The basis for setting rents at
LHA rates was made in the LAHF Business Plan.
 
We therefore propose to
increase rents as follows:
 

 

2023/24

£

2024/25

Proposed

£

Increase

%

2 Bed Property (Peterborough
area)
 

136.93

161.10

17.7%

3 Bed Property (Peterborough
area)
 

159.95

186.41

16.5%

4 + Bed Property (Peterborough
area)
 

207.12

241.64

16.7%

3 Bed Property (Wisbech
area)
 

155.34

178.36

14.8%

44 Russell Avenue,
March

221.62

241.64

9%

 

Decision: 

 
To
set the rents at the level detailed above from
01.04.2024.
 

Reasons for the decision

To
assist in meeting our homelessness duties.
To review Council rents for
2024/25, in line with the Budget Strategy.

Alternative options considered

To not increase rents or set at
a lower level than proposed would reduce the level of estimated
income assumed in the budget (see financial implications
below).