The 2024/25 housing budget for Camden has been agreed by Cabinet. This will see funding raised as the Council continues working to improve services for tenants and leaseholders.
Rent and service charges will increase by 7.7% from April 1st 2024. For those in a 2-bed household, this will mean paying around £10 more per week. More than 70% of residents will see this increase covered by their housing benefit.
This raise will result in £10.5m being made generated and reinvested. However since 2016, austerity-driven government policy has led to the Council’s housing budget being £30m worse off each year.
Councillor Meric Apak, Cabinet Member for Better Homes, has told Camden Council that increasing charges for tenants “is not a decision that we take lightly”, but that “after years of mandated rent reductions by the government and soaring inflation”, the council has been “stretched to the limit.”
“The government has left councils around the country with a housing blackhole with no choice but to ask more of tenants.”
Councillor Meric Apak, Cabinet Member for Better Homes
The council promises to ensure tenants and residents continue to be central to decision making on these matters.
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HeadlineCabinet agree to Camden council’s 2024/25 housing budget
Short HeadlineCabinet approves Camden's housing budget
StandfirstFunding will be raised and reinvested back into residents' homes.
The 2024/25 housing budget for Camden has been agreed by Cabinet. This will see funding raised as the Council continues working to improve services for tenants and leaseholders.
Rent and service charges will increase by 7.7% from April 1st 2024. For those in a 2-bed household, this will mean paying around £10 more per week. More than 70% of residents will see this increase covered by their housing benefit.
This raise will result in £10.5m being made generated and reinvested. However since 2016, austerity-driven government policy has led to the Council’s housing budget being £30m worse off each year.
Councillor Meric Apak, Cabinet Member for Better Homes, has told Camden Council that increasing charges for tenants “is not a decision that we take lightly”, but that “after years of mandated rent reductions by the government and soaring inflation”, the council has been “stretched to the limit.”
“The government has left councils around the country with a housing blackhole with no choice but to ask more of tenants.”
Councillor Meric Apak, Cabinet Member for Better Homes
The council promises to ensure tenants and residents continue to be central to decision making on these matters.
