Issue - decisions

Resolved:     That Executive approve:

(i)           The average rent decrease of 1.0% to be applied to all ‘social housing rents’ for 2017/18, as required by legislation. This is shown in table 13 and described in paragraph 146 of the report.

(ii)          The average rent increase of 2.0% to be applied to all rents which fall outside the definition on ‘social housing rents’ for 2017/18, as described in paragraph 148 of the report.

(iii)        That any changes resulting from the Final Local Government Finance Settlement be reflected in the Budget report to Council on 23 February 2017 with the balance of any change being reflected in a change in the Contingency Budget.

Reason:        To ensure the ongoing financial stability of the HRA and allow work on improving the quality of the council’s affordable housing to continue.