Rents for council homes in Wokingham are set to rise by up to 2.7% from April 2025.
The decision was made by the council’s executive meeting last week.
It noted how council house dwelling rents be increased by up to 2.7% effective from April 7, 2025, in line with the council’s Rent Setting Policy that was approved by Executive in October 2023,
Garage rents will also be increased by 2.7% with effect from April 2025, as will Shared Equity rents.
Tenant service charges will also be increased over three years to achieve full cost recovery effective by April 2026.
Rents are part of the council’s Housing Revenue Account (HRA), and is a ring-fenced account. As such has no impact on the level of council tax.
The money spent maintaining the council’s housing stock (valued at approximately £313 million) and providing a service to council tenants is mainly funded by housing rents paid by council tenants.
