Thursday, 21 January 2016

Rent Rise Flexibility To Remain For Supported Housing

Supported housing providers will still be able to raise their rents on re-lets by up to 10%, despite the 1% social rent cut, a local government minister has confirmed. While landlords will still be forced to cut their rents by 1% a year over four years, they will be able to implement a one-off rent rise of up to 10% on supported and sheltered housing re-lets. They will only be able to do this once for each property. The concession could mitigate some of the effects of the annual rent reduction for supported housing providers, which the National Housing Federation says will cost housing associations £3.9bn over four years. However, it will not offset the problems set to be caused by the decision to cap housing benefit for new social tenants at Local Housing Allowance rates. Read more on Inside Housing.

No comments: