Decision details

Housing Revenue Account (HRA) Budget Report 2025/26 (ER&H13)

Decision Maker: Cabinet

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To set the HRA budget for 2025/26

Decision:

The Cabinet considered the rent levels and service charges for the Housing Revenue Account (HRA) and a recommended budget for 2025/26 and then recommended that the Council Meeting give approval to:-

 

(1) An increase of 2.7% for social and affordable rent;

 

(2) An increase of 3.2% for rent of shared ownership properties;

 

(3) Service charge increases as outlined in section 5, with authority delegated to the Director of Finance, 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 2025/25 as set out in Appendix 1.

Alternative options considered:

None.

Interests and Nature of Interests Declared:

None.

Reason Key: Affects 2 or more wards;

Equality and/or Environmental Impact Assessment: Will be dealt with in the report

Decision Reference: CAB509

Declarations or conflicts of Interest: None.

Forward Plan Reference: ER&H13

Other reasons / organisations consulted

Will be dealt with 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: 05/02/2025

Date of decision: 04/02/2025

Decided at meeting: 04/02/2025 - Cabinet

Accompanying Documents: