Decision details

Councillor Lunn, Lead Executive Member for Finance and Resources presented the report that outlined proposals for Housing Revenue Account rent levels in accordance with the Government’s current policy on rent setting.

The Lead Executive Member for Finance and Resources explained that the Government’s current policy in rent setting had required providers to reduce rents by 1% per year for four years from April 2016 and this was the third year where rents would be decreasing.

RESOLVED:

To approve the proposed 1% rent decrease for 2018/19.

REASON FOR THE DECISION

To allow rent levels to be set in advance of the coming financial year within the constraints of Government rent setting policy.