Purpose

The revenue and capital budgets for 2024/25
are set and tenants rent levels are set for
2024/25 to ensure sound finances and value for money in providing
housing services for
council tenants.

Content

That the
Executive endorses and recommends to Council for
approval:
 
1)            
The Housing Revenue Account budget for 2024/25
(Appendix A);
2)            
Council house dwelling rents be increased by up to
7.7% effective from 1st April 2024 in line with the council’s
Rent Setting Policy that was approved by Executive on 26th October
2023;
3)            
Garage rents to be increased by 8.33% effective from
April 2024;
4)            
Shared Equity Rents to be increased by 7.7%
effective from April 2024;
5)            
Tenant Service Charges to be increased over the next
three year to achieve full cost recovery effective from April
2024;
6)            
The Housing Major Repairs (capital) programme for
2024/25 as set out in Appendix B;
7)            
Sheltered room guest charges for 2024/25 remain
unchanged at £9.50 per night per room.