Decision details

2023/24 HRA Budget and Rent Setting (Key Decision)

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


AGREED that Cabinet recommend to Council at its meeting on 7 February 2023:


a)          the HRA budget for 2023/24, as set out in Appendix A1 to this report be approved;


b)         an increase of 5% in the 2022/23 rents of all properties in the HRA as at 31 March 2023 be applied from 1 April 2023;


c)         a rent increase for all relets of 11.1%;


d)         the 2023/24 service charges, as set out in Appendix C, to this report be approved; and


e)         that a fund of £300,000 be created, funded by the Newark and Sherwood Homes Transfer Reserve to fund initiatives to support tenants impacted by the increased charges including a tenant welfare fund.

Report author: Suzanne Shead

Publication date: 18/01/2023

Date of decision: 17/01/2023

Decided at meeting: 17/01/2023 - Cabinet

Effective from: 24/01/2023

Accompanying Documents: