Decision details
Housing Revenue Account (HRA) Budget and Rent Levels for 2019/20 (LDR72 / C&H22)
PDF 65 KBDecision Maker: Cabinet
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
To agree the level of rent and service charges for the Housing Revenue Account (HRA) in 2019/20 and provision of a recommended HRA budget for 2019/20.
Decision:
The Cabinet considered the rent levels and service charges for the Housing Revenue Account (HRA) and a recommended budget for 2019/20 and then recommended that the Council Meeting approve:-
· a reduction in the average social rent of 1% for dwelling rents;
· an increase of 3.8% for rents of shared ownership properties;
· service charge increases as outlined in Section 3 of the report;
· the Housing Revenue Account Budget for 2019/20 as set out in Appendix 1 of the report.
Alternative options considered:
None
Reason Key: Policy Framework & Budget;
Wards Affected: (All Wards);
Equality and/or Environmental Impact Assessment: N/A
Decision Reference: CAB146
Declarations or conflicts of Interest: None
Forward Plan Reference: LDR72 / C&H33
Other reasons / organisations consulted
Scrutiny Committee
Stockport Homes, including customer hubs
Contact: Michael Cullen, Corporate and Support Services Email: michael.cullen@stockport.gov.uk Tel: 0161 474 4631.
Report author: Jonathan Davies
Publication date: 07/02/2019
Date of decision: 05/02/2019
Decided at meeting: 05/02/2019 - Cabinet
Accompanying Documents: