A transitional discretionary housing support fund set up to help those tenants most affected by the average five per cent increase in Council house rents was agreed by Mid Suffolk District Council yesterday.
Councillor Marilyn Curran, Deputy Leader and Housing Portfolio Holder explained: “The decision to raise Council rents was a difficult one to take but has been necessary in order to maintain and improve our existing homes and to invest in more homes for local people in the greatest need. There has been consultation with members of our Tenants’ Forum and the Joint Housing Board.
“However, we believe that the transitional discretionary housing support fund we have set up will enable those tenants most affected by the rent rise to adjust to the increase in a phased way over a number of years.”
The council also agreed to a below inflation increase in their portion of the tax bill, equivalent to five pence per week for a Band ‘D’ property. The council say the extra raise revenue to enhance efforts in boosting economic growth and sustainable employment opportunities within its communities.
Council Leader and Finances and Resources Portfolio Holder Derrick Haley said: “This is about prudently raising a small additional amount of revenue each year to spend on initiatives that will make a significant positive impact upon our communities.”
It was also decided to set up a transformation fund from revenue from the New Homes Bonus to support new ways of working that will in turn result in longer term savings, new income streams with the hope of better community outcomes.
Mr Haley added: “The transformation fund is an exciting development reflecting our new approach to budgeting.”