Agenda item

To seek approval for three updated policies relating to Income Management.

Members were informed that the purpose of the Financial Inclusion Policy was to support tenants and applicants to have access to affordable financial products and services that meet their needs, and to reduce their outgoings. The Income Collection Policy set out the approach to the management and collection of rent for properties and garages. The Rent Setting Policy outlined how the Council would calculate rent for the housing stock that it owned and managed within the Housing Revenue Account.

RESOLVED that the Financial Inclusion Policy, the Income Collection Policy and the Rent Setting Policy, be approved.

Reason

These policies outline how the Council will continue to be effective in its income collection arrangements for the HRA, which is essential for the sustainable provision of Housing services and ongoing investment in the Council’s Housing portfolio.