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Cabinet agrees annual rent increase

Posted on : 09 Feb 2022

Cabinet agrees annual rent increase
Caerphilly County Borough Council’s Cabinet has agreed tenants’ rents for 2022/23.
 
Cabinet members agreed an increase of 2%, which would equate to an average increase of £1.84 per week, bringing the total average rent to £93.62 per week.
 
Cllr Shayne Cook, the council’s Cabinet Member for Social Care and Housing, said “Ensuring rents remain affordable for our tenants is key and this year’s 2% increase remains below the maximum 3.1% permitted under Welsh Government policy. 
 
“An extensive consultation exercise has also been undertaken with tenants to understand their views around affordability, where the majority of respondents told us they felt our rents are fair, affordable and provide value for money.
 
“We understand that any increase in rent will be of concern and assure tenants that we have a range of support available to tenants who find themselves experiencing financial difficulties.
 
“Rent increases are necessary to enable us to continue delivering housing related services, invest in our housing stock and deliver on our ambitious plans to build new council homes.  If rents are not increased annually, this could lead to additional borrowing and debt charges; forcing the council to review services.”
 
Tenants with concerns about their rent or who are experiencing financial difficulties can contact the council’s Tenant Support Service on 01443 866534 or by emailing tenancysupportoffice@caerphilly.gov.uk

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