The Council Meeting has approved:-
· a reduction in the average social rent of 1% for dwelling rents;
· an increase of 3.8% for rents of shared ownership properties;
· services charge increases as outlined in Section 3;
· the Housing Revenue Account Budget for 2019/20 as set out in Appendix 1.
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.