Issue - meetings

Report of the Deputy Chief Executive (Corporate Direction).

Members were informed of revised Government guidance for rent setting and gave consideration to rent levels for 2015/16. It was noted that the figure was a compromise and that the recommended ‘formula rent’ be charged on new lettings from April 2015. It was moved by Councillor Lynch, seconded by Councillor Mullaney and

RESOLVED –

(i)            The revised Government guidance on rent setting and the average formula rent increase of 9.76% be noted;

(ii)           A rent increase for 2015/16 of 6.5% in line with recommendations from consulted tenants be approved;

(iii)          The negative impact on the HRA Business Plan by approving a rent increase below that recommended by Government be acknowledged;

(iv)         All void properties be re-let at formula rent from 1 April 2015;

(v)          Introduction of a rent policy for higher income tenants as recommended by the Government be rejected.