The ongoing COVID-19 pandemic will wipe £105m off housing
associations’ incomes when compared with pre-pandemic forecasts, according to
credit ratings agency Moody’s. New analysis by Moody’s projected that the
financial pressures brought by coronavirus will see an increase in
unemployment, with arrears rising by one to two percentage points in the year.
This equates to 5% to 6% of social housing providers’ (SHPs) income which is
now expected to be £105m lower than predicted before the outbreak. Read more on
Inside Housing.
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