Decision details
Housing Revenue Account (HRA) Budget and Rent Levels for 2022/23 (SS27)
PDF 109 KBDecision Maker: Cabinet
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
The purpose of this report is to provide the
Scrutiny Committee with the opportunity to comment on an
illustrative Housing Revenue Account (HRA) Budget. The Cabinet will
be meeting on 1 February to recommend to Council a HRA budget for
2022/23, including the level of rent and service charges. The
illustrative budget is based on a number of key assumptions set out
in the report regarding income from rent and service charges;
expenditure commitments contained within the HRA 30 year Business
Plan and Asset Management Strategy and indicative spending
requirements to support inflationary pressures and identified
investment priorities.
Decision:
The Cabinet considered the rent levels and service charges for the Housing Revenue Account (HRA) and a recommended budget for 2022/23 and then recommended that the Council Meeting give approval to:-
a) An increase of 4.1% for social rent;
b) An increase of 5.4% for rent of shared ownership properties;
c) Service charge increases as outlined in section 3;
d) The Housing Revenue Account Budget for 2022/23 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: n/a
Decision Reference: CAB350
Declarations or conflicts of Interest: None.
Forward Plan Reference: SS27
Other reasons / organisations consulted
A customer consultation will take
place
Contact: Andy Kippax, Services to Place Email: andy.kippax@stockport.gov.uk Tel: 0161 474 4319 Jonathan Davies, Corporate and Support Services Email: jonathan.davies@stockport.gov.uk Tel: 218 1025.
Report author: Jonathan Davies
Publication date: 02/02/2022
Date of decision: 01/02/2022
Decided at meeting: 01/02/2022 - Cabinet
Accompanying Documents: