Wednesday, 28 March 2012

Housing: Rents – Parliamentary Written Answer

David Mowat: To ask the Secretary of State for Communities and Local Government what consideration he has given to extending the timetable for rent convergence between local authority housing and registered social landlords beyond 2015-16.
Andrew Stunell: The Government have confirmed their intention to continue with the last Administration's policy of rent restructuring with convergence in 2015-16 and have no plans to change this.  Rental income assumptions underpin the local authority housing self-financing settlement, which begins on 1 April 2012. This initiative sees the end of the complex and unwieldy housing revenue account subsidy system and returns responsibility for social housing finance, including rents, to local communities.

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