CLG officials have set out the timetable for the
introduction of the 'pay to stay' scheme for council tenants with household
incomes of over £31,000 (£40,000 in London).
The aim is to introduce the scheme from April 2017. Thresholds will be
up-rated annually by inflation (CPI) and tenants in receipt of Housing Benefit
or Universal Credit will be exempted from the policy. However, all other
tenants will be required to declare their total household income to their local
council to enable the council to calculate how much additional rent they will
be expected to pay. The additional rent
is expected to be 15% of any income over the threshold or the full market rent
for the property whichever is lower. Read more on the ARCH website.
No comments:
Post a Comment