Social Housing: Increase in rental charges from 3 October 2011

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A decision made 15 July 2011 regarding:

Decision Reference: MD-H-2011-0071
Decision Summary Title :	DS – Increase in Social Housing Rental Charges October 2011		Date of Decision Summary:	14th July 2011
Decision Summary Author:	Finance Director		Decision Summary: Public or Exempt? (State clauses from Code of Practice booklet)	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:
Written Report Title :	WR - Increase in Social Housing Rental Charges October 2011		Date of Written Report:	14th July 2011
Written Report Author:	Senior Management Accountant		Written Report : Public or Exempt? (State clauses from Code of Practice booklet)	Exempt – 3.2(xiv)
Subject: Increase social housing rental charges with effect from 3rd October 2011
Decision(s): The Minister Approved the increase in Social Housing rental charges at the same rate as the increase in Income Support Housing Component (2.5%). Agreed that the increase in rents charged for properties at the maximum level of IS would follow the increase in maximum IS levels.
Reason(s) for Decision: The Departmental Business Plan for 2011 assumes an increase in rental charges of 2.5% and there is a presumption in the States Business Plan that the increase in rents will relate to the increase in Income Support Housing Component. In addition the increase is necessary to prevent further widening of the disparity between rent levels in the social and private sectors.
Resource Implications: Financial: An increase in income of £221,000 in 2011 and £926,000 in 2012.
Action required: Finance Director to notify Treasury and Resources Minister of this decision and to implement the increase.
Signature:		Position: Minister
Date Signed:		Date of Decision (If different from Date Signed):