In the wake of the Wrexham Council tenants no-vote, Wrexham tenants are facing a further rent increase of 3% on top of the 5.1% rise already agreed. Other cost cutting exercises have also been unvailed.

In a bid to try and reach the Welsh Housing Quality Standard (WHQS) by 2012, 25 temporary staff will leave and their posts will be frozen until at least October. Wrexham are also cutting their repairs budget and their estates initiative funds quite considerably.

In recent talks with Assembly officials, they have confirmed that there is no alternative money available for Wrexham. Wrexham are now trying to work out how they can afford to reach the WQHS by 2012 without the additional funds that stock transfer would have brought.

Prudential borrowing is one such option being looked at by Wrexham. Prudential borrowing could mean that they could borrow some of the money they need to reach the WQHS, but under the guidelines, Council’s must be able to prove that they can afford the repayments on the loan. In reality, this oftens means that rents have to be raised.

Meanwhile, Denbighshire are very close to going to ballot. They are hoping for a more favourable vote as their proposed ballot has the backing of both the tenants and the council alike.

Previous News Article Wrexham Tenants Vote on Stock Transfer

Previous News Article Wrexham Tenants Vote 'No' to Stock Transfer