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 websiteFull 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
Details
| Outcome | Recommendations Approved |
| Decision date | 15 Feb 2024 |