Lord Greaves:
To ask Her Majesty's Government whether they plan that the one per cent
reduction in rents for social landlord properties each year will continue after
2020.
Lord Bourne of Aberystwyth:
The Government announced plans in October 2017 to set a long term rent deal for
councils and housing associations. The proposal is for increases to social
housing rents to be limited to the Consumer Price Index (CPI) plus 1 per cent
for 5 years from 2020. The Government consulted on these proposals in the
Autumn. Details of the consultation are available online here: https://www.gov.uk/government/consultations/rentsfor-social-housing-from-2020-to-2021
We are currently analysing the feedback
and we aim to publish our response to the consultation by the Spring.
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