How Your Rent is Spent
How your Rent is Spent
The rent you pay goes into a completely separate account from other council finances. The Housing Revenue Account (HRA) contains all the expenditure and income on providing the housing service.
Of every £1 of rent income –
83p is spent on investment in our properties through repair and maintenance and improvements to properties.
8p is spent on debt charges, repaying borrowing for funding major works.
7p is spent on Employee & Management costs
2p is spent on costs of lost rent on tenancy changes.