Purpose

To set the HRA budget for 2025/26

Content

The Cabinet considered
the rent levels and service charges for the Housing Revenue Account
(HRA) and a recommended budget for 2025/26 and then recommended
that the Council Meeting give approval to:-
 
(1) An increase of
2.7% for social and affordable rent;
 
(2) An increase of
3.2% for rent of shared ownership properties;
 
(3) Service charge
increases as outlined in section 5, with authority delegated to the
Director of Finance, in consultation with the Cabinet Member for
Economy, Regeneration & Housing, to agree a lower increase
should this be necessary;
 
(4) The Housing
Revenue Account Budget for 2025/25 as set out in Appendix 1.