Housing Revenue Account Budgets 2021-22 EXE21-002.
Reporting Person – Leigh Clarke
The Executive received the Housing Revenue Account (HRA) Budgets 2021-22 for recommendation to Council. It was noted that, following the end of the rent reduction period in April 2020, rents would be increased by 1.5% from 5 April 2021. Attention was drawn to the impact of the Covid pandemic on HRA rent collection as well as the impact of the Sheerwater Regeneration Scheme on the HRA.
REcommended to Council
That (i) the Housing Revenue Account budget for 2021/22 as set out in Appendix 1 to the report be approved; and
(ii) with effect from 5 April 2021, rents be increased by 1.5%.
Reason: To recommend that the Council approves the resources necessary to implement its objectives and to enable the Council to determine charges to tenants for 2021/22.