Social Housing Rent Arrears Hit Record £1bn

Figures collected by HouseMark showed a 30% increase in outstanding rent arrears since March 2020, with forecasts suggesting that arrears levels may not return to pre-pandemic levels until March 2022. Many renters have faced extreme financial hardship as a result of the repeated lockdowns that have been put in place throughout the pandemic. The increase equates to an additional £300m in arrears since March, which contributed to the record total of £1bn. The data is based on figures from 104 social housing providers for the month of December 2020, with trend data since March 2020. Read more on Inside Housing.

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