Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
To recommend adoption of a new procedure for annual rent increases for affordable rent and shared ownership properties in the Council’s housing assets portfolio (consisting of both affordable rental and shared ownership)
Resolved
(1) That it be agreed that rent increases are applied annually to both affordable rental and shared ownership properties in line with government guidance considering the need to ensure that rents remain affordable, using the two measures of Local Housing Allowance and comparable rental data for the District.
(2) That responsibility be delegated to the Corporate Director – Environment and Place, in consultation with the relevant Portfolio Holder, to produce and subsequently implement an annual rent increase procedure which will commence 1 April 2022.
Corporate Priorities : Housing that meets your needs;
Reason No Public Access: No
Declarations: None
Subject to Urgent Proceedings: No
Contact: Robert Jolley, Assistant Director Growth & Economy Email: robert.jolley@cherwell-dc.gov.uk Tel: 01295 221688.
Report author: Robert Jolley
Publication date: 02/11/2021
Date of decision: 01/11/2021
Decided at meeting: 01/11/2021 - Executive
Effective from: 06/11/2021
Accompanying Documents: