Issue - meetings
REVISIONS TO RENT POLICY FOR SECTION 106 SCHEMES
Meeting: 14/03/2023 - Cabinet (Item 123)
123 RENT SETTING POLICY 
PDF 111 KB
To seek approval for an updated rent setting policy.
Additional documents:
- 12.1Rent Setting Policy, item 123
PDF 277 KB
- 12.2 Rent Setting Policy Review Table, item 123
PDF 93 KB
- 12.3 Rent Setting Policy EIA, item 123
PDF 134 KB
Minutes:
Cabinet considered the updated Rent Setting Policy with specific reference to the changes that had been made regarding the use of Affordable Rent rather than Social Rent.
It was noted with concern that previously, rent had been set at the Consumer Price Index (CPI) plus 1%, but that the government had introduced a 7% cap for rent increases for the financial year 2023/24.
RESOLVED that the updated Rent Setting Policy be approved.
Reason
Since 1 April 2020 the Council was under a duty to set its rent in accordance with the Rent Standard 2020.