Issue - meetings

To seek approval of the revised rents for council housing accommodation and council garages in 2018/19.

Decision

That the Executive:

(1)       Recommends to Council approval of the basis of rent calculation for changes to individual council house rents, as set out in paragraph 6 of the report, which represents a decrease in the average 52 week net rent in 2018/19 of 1% for housing rents, in accordance with Government policy.

(2)       Recommends to Council approval of the 3% increase in council garage rents for 2018/19 in accordance with the proposal set out in paragraph 6.1 of the report.

None.

The Welfare Reform and Work Act 2016 determined that all social and affordable rents be reduced by 1% year on year between 2016 to the 2019/20 financial year. For the City of Lincoln Council this would result in a further reduction of an average weekly net rent, over 52 weeks, from £69.13 in 2017/18 to £68.44 per week for 2018/19 which equated to an average loss of income per property of £0.69 per week over 52 weeks.