Issue - meetings
Housing Revenue Account First Budget and Rent Setting Report - 2015/16
Meeting: 07/01/2015 - Cabinet - Expired (Item 10)
10 Housing Revenue Account First Budget and Rent Setting Report - 2015/16 
PDF 277 KB
Additional documents:
- 10.2a Appendix 1 - EQIA - 19-12-14, item 10
PDF 497 KB
- Webcast for Housing Revenue Account First Budget and Rent Setting Report - 2015/16
Decision:
DECISION
1. To agree an average 2015/16 weekly rent increase for tenanted Council dwellings of 2.5%, which equates to an average weekly increase of £2.75 (paras 4.8.7 & 4.8.8) from the first rent week in April 2015.
2. To agree that the average weekly tenanted service charge increase will be £0.20 from the first rent week in April 2015.
3. To agree that, with effect from April 2015, vacated Council properties will be re-let at formula rent.
4. To note that the Housing Revenue Account (HRA) budget will be presented to Cabinet for approval in February 2015.
Action by:
CORPORATE DIRECTOR, DEVELOPMENT AND RENEWAL (A. DALVI)
(Senior Accountant (HRA) (K. Ball)
Minutes:
Councillor Rabina Khan, Cabinet Member for Housing and Development, introduced the report highlighting that this was an annual rent setting report. She explained that the average rent increase for 2015 would be 2.5% which would still result in the lowest rents for this part of London.
The Mayor agreed the recommendations as set out in the report.
RESOLVED
1. To agree an average 2015/16 weekly rent increase for tenanted Council dwellings of 2.5%, which equates to an average weekly increase of £2.75 (paras 4.8.7 & 4.8.8) from the first rent week in April 2015.
2. To agree that the average weekly tenanted service charge increase will be £0.20 from the first rent week in April 2015.
3. To agree that, with effect from April 2015, vacated Council properties will be re-let at formula rent.
4. To note that the Housing Revenue Account (HRA) budget will be presented to Cabinet for approval in February 2015.