This report deals with:
• the 1% decrease in rents for Council Homes which is being
forced on the Council by central Government for each of the next
four years;
• how, although initially this looks like good news for
tenants, the 1% decrease in rents has a significant impact on the
ability of the Council to carry out repairs and improvements on
Council homes;
• changes to the long-term 40 year financial plan for the
Council’s homes as a result of the 1% decrease in rents
forced on the Council by central Government;
• the 2016/17 budget for the Council’s homes (also known
as the annual Housing Revenue Account (HRA) budget) including a
reduction in rents for Council homes of 1% for 2016/17,
Decision type: Key
Reason Key: Affects 2 or more wards;
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 11/12/2015
Report access: Open;
Decision due: 8 Feb 2016 by Cabinet
Lead member: Cabinet Member for Housing and Homelessness
Department: The Economy department
Contact: Kathleen Corbett Email: Kathleen.Corbett@lbhf.gov.uk Tel: 020 8753 3031.