URL: https://moderngov.southwark.gov.uk/ieDecisionDetails.aspx?ID=8237

Decision Maker: Cabinet

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: To approve the Housing Revenue Account budget and rent setting

Content: To approve the Housing Revenue Account budget and rent setting Having declared a disclosable pecuniary interest, Councillors Natasha Ennin and Portia Mwangangye withdrew from the meeting while this item was being discussed.   RESOLVED:   That the following be noted:   1.  The change to the concessionary garage charging policy as previously agreed under individual decision making (IDM) by the cabinet member for council housing as set out in paragraph 22 of the report.   2.  The resident feedback from the engagement event that took place on 10 December 2024, attached at Appendix 2 of the report.   That the following be approved:   3.  The rent increase of 2.7% for all directly and tenant managed (TMO) housing stock within the council’s Housing Revenue Account. This is in accordance with the government’s guideline rent formula of CPI+1% (based on September 2024 Consumer Price Index) as set out at paragraphs 14-16 of the report with effect from 7 April 2025.   4.  The rent increase of 2.7% for the council’s shared ownership stock as set out at paragraph 17 of the report with effect from 7 April 2025.   5.  The increases to tenant service charges, comprising estate cleaning, grounds maintenance, communal lighting and door entry maintenance as set out in paragraphs 18-19 of the report with effect from 7 April 2025.   6.  The increase in sheltered and supported housing service charges as set out in paragraph 20 of the report with effect from 7 April 2025.   7.  The increase in charges for garages as set out in paragraph 21 of the report with effect from 7 April 2025.   8.  The freezing of tenant heat network charges for 2025-26 at existing levels, with the exception of the borough-wide metered charge for new homes, which will reduce as set out in paragraphs 23-40 of the report with effect from 7 April 2025.

Date of Decision: January 7, 2025