Issue - meetings

Purpose of Report

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.

Alternative Options Considered and Rejected

None.

Reason for Decision

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.