Decision details

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.