Cordale 2017/18 Rent Increase
Date Posted: 5th of March 2018
Our Management of Committee approved a 3% rent increase for 2017/18 this week which will come into effect from the 1st April 2018. The 3% increase is an inflation only based increase, 1% below what our rent setting policy states the increase could be.
The Management Committee felt that the proposed increase would allow us to strike the correct balance between generating sufficient income to deliver services and maintain competitive rental levels compared to other housing bodies; both in keeping with our strategic vision of: HOMES AND SERVICES THAT MAKE LIFE BETTER.
We would like to thank all those residents who took the time to send their views on the rent increase and business plan. All respondents were entered into a prize draw and the winner of the £25.00 voucher will be announced in the Spring newsletter.