Decision Maker: Cabinet

Outcome: Recommendations approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: January 28, 2026

Purpose: To report the Housing Revenue Account Business Plan, Revenue Budget, Capital Works Programme and increase to rent and service charges.

Content: 1.    That the Business Plan set out in Appendix 1 to the report be adopted as the approved Housing Revenue Account (HRA) Business Plan including: a. The revenue budget for 2026-2027 at Appendix 1 to the report. b. The Capital Programme for 2026-2027 to 2030-2031 at Appendix 2 to the report for which detailed investment plans are set out in section 6 of the report. 2.    That the implementation of an increase of 4.8% to social housing rents in accordance with the Rent Standard and the Welfare Reform and Work Act 2016 be approved and 28 days’ notice be given to all secure and introductory tenants of the rent increase from 1 April 2026. 3.    That the rates for garage rents and service charges set out in Appendix 3 to the report be approved and tenants be notified formally. 4.    That an increase to Shared Ownership rents to a maximum of 4.8% be approved. 5.    That the management allowance to Wolverhampton Homes for 2026-2027 of £53,000,000 be approved. 6.    That the management allowances to tenant managed Managing Agents for 2026-2027 be approved to a maximum of the following sums: • Bushbury Hill Estate Management Board (EMB)          £2,200,000 • Dovecotes Tenant Management Organisation (TMO) £1,350,000 • New Park Village (TMO)                                                   £380,000 7.    That authority be delegated to the Deputy Leader: City Housing in consultation with the Executive Director of Economy to approve any additional properties required for subsequent phases of the House Project.