Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: December 12, 2024

Purpose: Brief Summary of Issues (English & Welsh)  A Social Housing Rent Policy was introduced in 2020/2021.  This allows for a maximum rent increase of September CPI + 1%. This policy was originally for 5 years and has been extended into 2025/26   If CPI is above 3%, the Welsh Government Minister will be required to decide about any rent increase that can be applied.   When deciding on whether to apply the increase, consideration must be given to the value for money and affordability for tenants. Any possible cost efficiencies that can be made on the Housing Revenue Budget must also be considered.   The introduction of the Renting Homes Wales Act (2016) on 1st December 2022, stipulated that 2 months’ notice must be given to contract holders (tenants) before amending any rents.   The cabinet report will lay out the proposal for setting rents in considering affordability, value for money and any savings identified.    

Content: Cllr Ash Lister declared a personal interest in Item 7, as he has a family member who is a Council tenant   RESOLVED: that   a)    the proposed approach for rent and service charge setting for Council owned dwellings for financial year 2025/26 be approved.    b)    the financial pressures on the HRA be noted.   c)    the support available for tenants who may be struggling financially be noted.