Decision details

Housing Revenue Account (HRA) Revenue Budget and Rent Setting 2024/25 and HRA Capital Programme 2023-28

Decision Maker: Eastbourne Borough Council Cabinet, Eastbourne Borough Council Full Council

Decision status: Recommend Forward to Council

Is Key decision?: Yes

Is subject to call in?: No


Recommendations to full Council in respect of the housing revenue account for 2024/25


Recommended to Full Council (Budget and policy framework):


(1) The HRA budget for 2024/25 and revised 2023/24 budget as set out at Appendix 1 to the report.


(2) That social and affordable rents (including Shared Ownership) are increased by 7.7% with effect from 1st April 2024 in line with government policy.


(3) That, with effect from 1 April 2024, when social-rented properties are relet to new tenants, the applicable rent will be increased by 5% above target rent.


(4) That the revised service charges as set out in paragraphs 2.3 to 2.6 of the report are implemented with effect from 1st April 2024.


(5) That Garage rents are increased by 6.7%.


(6) To grant delegated authority to the Chief Executive, in consultation with the Cabinet Portfolio holder for Finance and Resources and the Chief Finance Officer to finalise Eastbourne Homes’ Management Fees and Delivery Plans for both 2023/24 and 2024/25.


(7) The HRA Capital Programme as set out at Appendix 2 to the report.


(8) To note that £871.5k of Major Works expenditure is shown in the Capital Programme in 2024/25 and 2025/26 to improve EPC ratings in HRA properties, this expenditure being the subject of a Government grant bid to secure 50% match-funding.

Report author: Steven Houchin

Publication date: 08/02/2024

Date of decision: 07/02/2024

Decided at meeting: 07/02/2024 - Eastbourne Borough Council Cabinet

Accompanying Documents: