Wednesday, 10 June 2015

Reduced Benefit Cap Could Be the Killer Blow for Social Housing

The big housing story of the moment is the expansion of the right to buy, but the imminent cut in the benefit cap from £26,000 to £23,000 could have a far more devastating impact upon social landlords and tenants. In London, social landlords who have embraced the affordable rent programme – which can see social tenants charged far higher rents – could be very badly hit by an increase in arrears once tenants receiving housing benefit see their support cut by £3,000 a year. The overall benefit cap is popular among the wider public, but most people don’t realise that it only applies to those who, often through no fault of their own, are paying a high rent. Read more on the Guardian website.

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