Thursday, 5 February 2015

UK First As Housing Association Granted 'Rent Waiver'

A housing association that owns ex-council homes in Bolton has become the first in the country to be told it can exceed the government’s new formula for rent increases. While most associations can only raise rents in April by 2.2% - a figure based around the rate of inflation last September - Bolton at Home convinced the HCA that it needed larger increases to fund stock improvements. Some of its tenants can therefore expect to pay as much as £2 per week more on top of the general 2.2% rise.  Read more on 24dash.

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