Pandemic Will Hit Housing Association Income By 6% This Year

The ongoing COVID-19 pandemic will wipe £105m off housing associations’ incomes when compared with pre-pandemic forecasts, according to credit ratings agency Moody’s. New analysis by Moody’s projected that the financial pressures brought by coronavirus will see an increase in unemployment, with arrears rising by one to two percentage points in the year. This equates to 5% to 6% of social housing providers’ (SHPs) income which is now expected to be £105m lower than predicted before the outbreak. Read more on Inside Housing.

https://www.insidehousing.co.uk/news/pandemic-will-hit-housing-association-income-by-6-this-year-moodys-predicts-69762?utm_source=Housing60&utm_medium=email&utm_content=article_link&utm_campaign=H60