Decision details

Housing Revenue Account - Rent Convergence

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

This report confirms the opportunity for the Council to incorporate rent convergence into the rent setting formula with effect from 1 April 2027.

Decision:

Decision

 

That Cabinet approve the inclusion of rent convergence in the Housing Revenue Account rent setting proposals from 1 April 2027.

 

Reasons for the decision

 

It was recommended that Cabinet approve the inclusion of rent convergence in the rent setting proposals from 1 April 2027 due to additional income that would be generated. which would support the HRA in meeting the financial challenges it was facing.

 

Other options considered

 

The Council could have chosen to set rent below the levels set out in the rent standard but this would have had an impact on the resources available to invest in the existing housing stock and the future financial resilience of the HRA.

 

Report author: Alison Hall-Wright

Publication date: 02/06/2026

Date of decision: 02/06/2026

Decided at meeting: 02/06/2026 - Cabinet

Accompanying Documents: