Housing Revenue Account Budget 2024/25 and Housing Revenue Account Business Plan 2023-2053

February 15, 2024 Cabinet (Cabinet collective) Key decision Approved View on council website
Full council record

Decision

RESOLVED
that Cabinet recommended to Full Council
to:
 
A   
Approve the Housing Revenue Account (HRA) estimates
as set out in Appendix A to the report.

 
B   
Approve that tenant rents are increased by 7.7
percent with effect from 1 April 2024. This equates to an average
weekly rent of £112.20 an increase of £8.02 as set out
in paragraph 2 of the report.

 
C   
Approve that the rents and personal charges for
temporary accommodation are increased with effect from 1 April 2024
as set out in paragraph 3 of the report.

 
D   
Approve that garage rents within the ‘retain
and invest’ category are increased by 5 percent with effect
from 1 April 2024. This equates to an average weekly rent of
£12.97, an increase of £0.62.  Also approve the proportionate increases for other
garages, car ports and car spaces as set out in paragraph 4 of the
report.

 
E    
Approve that tenant service charges are increased to
recover full cost with effect from 1 April 2024 (see paragraphs 5
to 7 of the report and Appendix C attached to the
report).

 
F    
Approve that the leasehold service charges are
increased with effect from 1 April 2024 to ensure that all
leaseholder costs are recovered (see paragraphs 8 to 11 of the
report and Appendix C attached to the report).

 
G   
Approve that all other tenant charges are increased
with effect from 1 April 2024 in order
to recover cost (see Appendix C attached to the
report).

 
H   
Approve the Housing Revenue Account Business Plan,
as set out in Appendix B to the report.

Supporting Documents

Appendix A - HRA estimates.pdf
HRA Budget 2024-25 and Business Plan 2023-2053.pdf
Appendix B - Business Plan.pdf
Appendix C - Schedule of Service Charges.pdf

Details

OutcomeRecommendations Approved
Decision date15 Feb 2024