The government has come under fire over plans to offer
temporary waivers to housing associations financially hit by proposed changes
to social rent setting, but not to councils. The CLG published a consultation -
Rents for Social Housing from 2015-16 - outlining proposals to end rent
convergence - a policy intended to align council and housing association rents
through gradual increases - in 2015, earlier than previously anticipated. Landlords with average social rents that have
not yet converged have warned the policy will reduce their income, capacity to
build and in the cases of some stock transfer organisations, their financial
viability. As a result the CLG stated ‘temporary waivers’ would be granted to
some housing associations by the Homes and Communities Agency. However, it
offered no such aid to councils which, according to Chartered Institute of
Housing figures stand to lose £1.2 billion over the next 10 years as a result
of the proposals. Find the consultation either on the Gov UK website or on the
Consultations Page in this Blog.
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