Decision details
Housing Revenue Account (HRA) Budget and Rent Levels for 2024/25 (ER&H6)
PDF 110 KBDecision Maker: Cabinet
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
Report to set the HRA Budget and Rent Levels
for 2024/25
Decision:
The Cabinet considered the rent levels and service charges for the Housing Revenue Account (HRA) and a recommended budget for 2024/25 and then recommended that the Council Meeting give approval to:-
(1) An increase of 7.7% for social and affordable rent.
(2) An increase of 9.4% for rent of shared ownership properties.
(3) Service charge increases as outlined the updated section 3 in this addendum, with authority delegated to the Deputy Chief Executive, in consultation with the Cabinet Member for Economy, Regeneration & Housing, to agree a lower increase should this be necessary.
(4) The Housing Revenue Account Budget for 2024/25 as set out in Appendix 1.
Alternative options considered:
None.
Interests and Nature of Interests Declared:
None.
Reason Key: Affects 2 or more wards;
Wards Affected: (All Wards);
Equality and/or Environmental Impact Assessment: Will be included in the report
Decision Reference: CAB438
Declarations or conflicts of Interest: None.
Forward Plan Reference: ER&H6
Other reasons / organisations consulted
Will be included in the report
Contact: Andy Kippax, Services to Place Email: andy.kippax@stockport.gov.uk Tel: 0161 474 4319.
Report author: Kora Yohannan
Publication date: 31/01/2024
Date of decision: 30/01/2024
Decided at meeting: 30/01/2024 - Cabinet
Accompanying Documents: