Decision details

Council AGREED

Housing Revenue Account (HRA): Revenue

(a)   approve the HRA revenue budget for 2021/2022 as shown in the HRA Budget Summary as presented at Appendix A;

HRA: Review of Rents and Charges

(b)  Approve that council dwelling rents for all social rented properties be increased by the Consumer Prices Index plus 1% (1.5%), in line with legislative requirements introduced as part of the Welfare Reform and Work Act, with effect from 1^st April 2021;

(c)   Approve that affordable rents are reviewed in line with rent legislation, to ensure that rents charged are no more than 80% of market rent for 2021/2022. Local policy is to cap affordable rents at the lower level of Local Housing Allowance, which will result in rent variations in line with any changes notified to the authority in this level, effective from 1^st April 2021;

(d)  Approve inflationary increases of 0.6% in garage rents for 2021/2022.

(e)   Approve the proposed service charges for HRA services and facilities provided to both tenants and leaseholders, as shown in Appendix D.

HRA: Capital

(f)    Approve the required level of funding for new build investment between 2021/2022 and 2025/2026 to ensure that commitments can be met in respect of the investment of all right to buy receipts currently retained or anticipated to be received by the authority for this period. This expenditure will take the form of HRA new build, with the 70% top up met by other HRA resources;

(g)  Approve the HRA Medium Term Financial Strategy forecasts as shown in Appendix B;

(h)  Approve the Housing Capital Programme as shown in Appendix C.