Issue - meetings

Provisional Housing Revenue Account Budget Settlement and Rent Setting 2011/12

 

 

Meeting: 25/01/2011 - Cabinet (Item 7)

7 Housing Revenue Account - Final Rent-Setting and Budget Report 2011/12

To approve an average rent increase of 7.08% in accordance with the Government’s required formula rent guidance. Additionally to approve revised tenant services charges, increase in rents and charges for all non-residential property and a further standstill in heating and hot water charges for 2011/12.

 

 

Supporting documents:

Minutes:

Officers circulated comments from the area housing forum meetings and a meeting of the tenants council held on 24 January 2011.

 

RESOLVED:

 

1.  That an average rent increase of 7.08% in accordance with the Government’s required formula rent guidance (as set out in paragraph 11 of the report) be approved.  This is equivalent to an increase of £5.71 per week on average, to be applied to all housing revenue account dwellings (including estate voids and hostels), with effect from 4 April 2011.  Average budgeted dwelling rent for 2011/12 will be £86.31 per week.

 

2.  That revised tenant service charges following the rebasing exercise as set out in paragraph 14 of the report be approved with effect from 4 April 2011.

 

3.  That an increase in rents and charges for all non-residential property of 50% as set out in paragraph 15 of the report be approved with effect from 4 April 2011.

 

4.  That a further standstill in heating and hot water charges for 2011/12 such that each charge remains at the rate determined for 2009/10 and 2010/11 (as set out in paragraph 16) be approved.