Decision details

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.