Purpose

The ‘Rent Setting Policy’ ensures
we are regularising the current annual rent setting process, that
re-confirms the rent setting is part of the annual Housing Revenue
Account budget setting process.

The policy requires the council to adhere to the Rent Standard 2020
and any subsequent amendments in legislation regulation or guidance
including the updated Rent Standard 2023. That in practice, means
our approach to rent setting continues without any changes to our
historical approach.

Content

RESOLVED that the Executive approved
the Rent Setting Policy as set out in Appendix 1 to the report
attached to the agenda, for which the ‘Rent Setting
Policy’ primarily relates to the Housing Revenue Account
(2573 properties) plus includes a small number (18 properties) of
General Fund properties.