Decision details

The Executive considered a report on the final Housing Revenue Account (HRA) Budget and Rent Setting 2022/23, for onward recommendation to Council.

It was RESOLVED:

1.          That HRA rent on dwellings be increased, week commencing 4 April 2022, by 4.1% which is an average increase of £4.06 for social rents, £6.60 for affordable rents and £4.74 for Low Start Shared Ownership homes per week (based on a 52-week year).  This has been calculated using the rent formula, CPI + 1% in line with the Government’s rent policy, as set out in Paragraph 4.1.1 of the report.

2.          That Council be recommended to approve the 2022/23 HRA Budget, as set out in Appendix A to the report.

3.          That Council be recommended to approve the 2022/23 growth options, as set out in Section 4.8 of the report, with supporting impact assessments in Appendix B.  This includes new match funding for a Decarbonisation Grant application of £950,000.

4.          That Council be recommended to approve the 2022/23 Fees and Charges, as set out in Appendix C to the report.

5.          That Council be recommended to approve the 2022/23 service charges.

6.          That Council be recommended to approve the minimum level of reserves for 2022/23, as shown in Appendix D to the report.

7.          That the Rent Increase Equalities Impact Assessments set out in Appendix E to the report be noted.

8.          That the contingency sum of £250,000 within which the Executive can approve supplementary estimates be approved for 2022/23 (unchanged from 2021/22).

9.          That Council notes the comments from the Overview & Scrutiny Committee and Portfolio Holder Advisory Group, as set out in Paragraph 4.10 of the report.

Reason for Decision:  As contained in report.

Other Options considered:  As contained in report.