Rent Consultation 2018/19

Introduction

Question Title

Stirling Council sets its rents for each year based on actual cost increases.

The Housing Revenue Account (HRA) faces a net increase in costs of £297,000 for 2018/19, due to
increased staff costs, inflation costs of sub-contracting, materials and increased loan charges.

A rent rise of 1.6% will produce an increase in revenue of £297,000 which will enable the service to meet
these increased costs.

Proposed Investment Plan

The service has added 20 properties to its stock in 2016/17 (67 properties added, less 47 sold) through new house building, conversions, purchasing from the open market and the mortgage to rent scheme.

The Council proposes to continue to invest in current stock and add new stock throughout the next financial year. The table below shows the number of properties that have had home improvement works completed, those currently ongoing and proposals for investment in 2018/19. Tenants are asked to comment on the proposed investment programme as part of the rent consultation.

Stirling Council sets its rents for each year based on actual cost increases.<br><br>The Housing Revenue Account (HRA) faces a net increase in costs of £297,000 for 2018/19, due to <br>increased staff costs, inflation costs of sub-contracting, materials and increased loan charges.<br><br>A rent rise of 1.6% will produce an increase in revenue of £297,000 which will enable the service to meet <br>these increased costs.<br> <br><span style="text-decoration: underline;">Proposed Investment Plan<br></span><br>The service has added 20 properties to its stock in 2016/17 (67 properties added, less 47 sold) through new house building, conversions, purchasing from the open market and the mortgage to rent scheme. <br> <br>The Council proposes to continue to invest in current stock and add new stock throughout the next financial year. The table below shows the number of properties that have had home improvement works completed, those currently ongoing and proposals for investment in 2018/19. Tenants are asked to comment on the proposed investment programme as part of the rent consultation.

Question Title

Your views on these matters are important to us, please take a couple of minutes to complete the following questionnaire. We will treat everything that you say as confidential but if you would like to be entered into our prize draw to win £50 in local supermarket vouchers please add your name and address in the box provided.

The full results of this survey will be reported to Councillors before they make a decision on any rent increase or change to our spending plans. We will also publish the results on our web site and through Open Door.

The proposed rent rise will mean that the "average rent" will increase by £1.11 pence over the 48 week rental period, from £69.49 in 2017/18 to £70.60 in 2018/19.

The table below shows the current rent charges and the proposed rental charge for 2018/19. Figures in brackets ( ) correspond to current stock levels.

Your views on these matters are important to us, please take a couple of minutes to complete the following questionnaire. We will treat everything that you say as confidential but if you would like to be entered into our prize draw to win £50 in local supermarket vouchers please add your name and address in the box provided. <br><br> The full results of this survey will be reported to Councillors before they make a decision on any rent increase or change to our spending plans. We will also publish the results on our web site and through Open Door.<br><br> The proposed rent rise will mean that the "average rent" will increase by £1.11 pence over the 48 week rental period, from £69.49 in 2017/18 to £70.60 in 2018/19.<br><br> The table below shows the current rent charges and the proposed rental charge for 2018/19. Figures in brackets ( ) correspond to current stock levels.