Council tenants in Croydon are set to see one of the lowest increases to their rent in London.
On Tuesday 17 February, the council’s cabinet will consider proposals for the average rent in the borough’s council properties to rise by £2.40 per week from £109.26 to £111.66.
The 2.2% increase on council rents for 2014/15, which would start from April, means Croydon is proposing one of the lowest rises in London.
The rise is as low as a threshold set by government that takes account of estimated private rent increases and inflation.
Other London boroughs, many of whom have yet to officially release their planned increases via cabinet meeting papers, are proposing to increase the average council rent from 2.9% to as much as 9%.
Based on announcements made to date the council expects Croydon’s increase to be the lowest percentage rise in London.
“We’re delighted to be able to offer council tenants what we expect to be the lowest rent increase in the whole of London.
Although this council has to find £100m savings by 2018, it’s also important to limit rent increases for our council tenants. This is thanks to shrewd management of our housing revenue account.”
Councillor Tony Newman, leader of the council