Proposal for Future Rent Increases.

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A decision made (25/08/2008) regarding: Proposal for Future Rent Increases.

Decision Reference: MD-H-2008-0085
Decision Summary Title :	DS – Proposal for Future Rent Increases		Date of Decision Summary:	22nd August 2008
Decision Summary Author:	Dominique Caunce		Decision Summary: Public or Exempt? (State clauses from Code of Practice booklet)	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title :	Proposal for Future Rent Increases		Date of Written Report:	15th August 2008
Written Report Author:	Jason English		Written Report : Public or Exempt? (State clauses from Code of Practice booklet)	Public
Subject: To agree the basis for future Social Housing rent increases.
Decision(s): The Minister approved the following: That the Housing Department use the mid-point of Average Earnings and RPI Low Income measures as the basis for future rent increases, providing that adjustments can be made in line with department policy during the Business Planning process.
Reason(s) for Decision: To ensure that the Housing Department has a basis for future rent increases that is flexible enough to incorporate future policy decisions.
Resource Implications: Financial: The rent increase effective 6th October 2008 will be 3.7%.
Action required: Finance Director to implement the rent increase for 6th October 2008 and to use this metric as the basis for rent increases in future business plans. Finance Director to agree the tenant communication with the Tenant Services Director.
Signature:		Position: Minister
Date Signed:		Date of Decision (If different from Date Signed):