Decision details

Housing Revenue Account (HRA) Budget and Rent Levels for 2024/25

Decision Maker: Council Meeting

Decision status: Recommendations approved

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 Council Meeting approved:

 

(a)  An increase of 7.7% for social rent and affordable rent.

(b)  An increase of 9.4% for rent of shared ownership properties.

(c)  Service charge increases as outlined in section 3, 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.

(d)  The Housing Revenue Account Budget for 2024/25 as set out in Appendix 1.

Interests and Nature of Interests Declared:

Councillors Karl Wardlaw and Matt Wynne declared personal interests as Stockport Homes Group (SHG) tenants. SHG was referred to within the report.

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: CMD235

Declarations or conflicts of Interest: Councillors Karl Wardlaw and Matt Wynne declared personal interests as Stockport Homes Group (SHG) tenants. SHG was referred to within the report.

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: 26/02/2024

Date of decision: 22/02/2024

Decided at meeting: 22/02/2024 - Council Meeting

Accompanying Documents: