Social Housing Rent Rises To Be Capped In England Next Year Social Housing

Referring to the cost of living crisis, Greg Clark, the housing secretary, said social landlords would be limited to an annual increase of between 3% and 7%, with the exact amount to be determined after a consultation, which will also ask whether the temporary The cap should be in place for a year or two. Currently, social housing landlords can increase rents based on consumer price inflation plus 1%, meaning tenants faced the possibility of an 11% rise in their rent bills. Such a rise would also hit taxpayers, as the majority of social housing tenants use benefits to cover their rent. “We need to protect the most vulnerable households in these exceptional circumstances over the next year,” said Clarke. “Capping rent increases for social tenants provides security and stability for families across England. We know many people are worried about the coming months. We want to hear from landlords and social tenants about how we can make this work and support the people who need it most.” But tenants warned the cap was insufficient, partly because it would not apply to increases in service charges, and called instead for a full freeze. “Between 3% and 7% is not enough,” said Suzanne Muna, secretary of the Social Housing Campaign, who pointed out that tenants also face rising food, fuel and other costs. “That would still be a huge problem for renters who can’t absorb the 3%.” The campaign said that even before the Covid pandemic and the cost of living crisis, rent arrears among tenants and occupiers were building at a steady rate of around 10% a year. Between March 2018 and March 2021, rent arrears rose from £591m to £704m. It calls on tenants to refuse to pay any rent increases. Private landlords are raising rents by 4.7% a year overall and by 8.3% in new lettings, according to annual data to July from Hamptons, the estate agency. Social landlords said the cap would mean tens of billions of pounds less would now be invested in social housing stock at a time of growing public concern about safety and conditions on some estates. The cost of building new homes rose 12% in the year to June and repair costs rose 14%, they said. The National Housing Federation and the Local Government Association said: “We are very concerned that a new cap on social housing rent increases will significantly impact the ability of housing providers to deliver critical services to residents and invest in new and existing homes.” Archie Bland and Nimo Omer take you to the top stories and what they mean, free every weekday morning Privacy Notice: Newsletters may contain information about charities, online advertising and content sponsored by external parties. For more information, see our Privacy Policy. We use Google reCaptcha to protect our website and Google’s Privacy Policy and Terms of Service apply. They said if rent increases were to be curbed, further government would have to provide funding to mitigate the damage. “To maintain and improve people’s existing homes, as well as to continue to build new affordable homes, significant investment every year is necessary,” said Geeta Nanda, chief executive of the Metropolitan Thames Valley Housing Association and chair of the G15 group. . of social owners. “Rental income is vital to support this work. Housing associations have already seen costs for critical materials to deliver repairs and maintenance rise by up to 16.8% this year, and the cost of building new homes has also risen by more than 11%.

title: “Social Housing Rent Rises To Be Capped In England Next Year Social Housing Klmat” ShowToc: true date: “2022-11-11” author: “Nicole Hatfield”

Referring to the cost of living crisis, Greg Clark, the housing secretary, said social landlords would be limited to an annual increase of between 3% and 7%, with the exact amount to be determined after a consultation, which will also ask whether the temporary The cap should be in place for a year or two. Currently, social housing landlords can increase rents based on consumer price inflation plus 1%, meaning tenants faced the possibility of an 11% rise in their rent bills. Such a rise would also hit taxpayers, as the majority of social housing tenants use benefits to cover their rent. “We need to protect the most vulnerable households in these exceptional circumstances over the next year,” said Clarke. “Capping rent increases for social tenants provides security and stability for families across England. We know many people are worried about the coming months. We want to hear from landlords and social tenants about how we can make this work and support the people who need it most.” But tenants warned the cap was insufficient, partly because it would not apply to increases in service charges, and called instead for a full freeze. “Between 3% and 7% is not enough,” said Suzanne Muna, secretary of the Social Housing Campaign, who pointed out that tenants also face rising food, fuel and other costs. “That would still be a huge problem for renters who can’t absorb the 3%.” The campaign said that even before the Covid pandemic and the cost of living crisis, rent arrears among tenants and occupiers were building at a steady rate of around 10% a year. Between March 2018 and March 2021, rent arrears rose from £591m to £704m. It calls on tenants to refuse to pay any rent increases. Private landlords are raising rents by 4.7% a year overall and by 8.3% in new lettings, according to annual data to July from Hamptons, the estate agency. Social landlords said the cap would mean tens of billions of pounds less would now be invested in social housing stock at a time of growing public concern about safety and conditions on some estates. The cost of building new homes rose 12% in the year to June and repair costs rose 14%, they said. The National Housing Federation and the Local Government Association said: “We are very concerned that a new cap on social housing rent increases will significantly impact the ability of housing providers to deliver critical services to residents and invest in new and existing homes.” Archie Bland and Nimo Omer take you to the top stories and what they mean, free every weekday morning Privacy Notice: Newsletters may contain information about charities, online advertising and content sponsored by external parties. For more information, see our Privacy Policy. We use Google reCaptcha to protect our website and Google’s Privacy Policy and Terms of Service apply. They said if rent increases were to be curbed, further government would have to provide funding to mitigate the damage. “To maintain and improve people’s existing homes, as well as to continue to build new affordable homes, significant investment every year is necessary,” said Geeta Nanda, chief executive of the Metropolitan Thames Valley Housing Association and chair of the G15 group. . of social owners. “Rental income is vital to support this work. Housing associations have already seen costs for critical materials to deliver repairs and maintenance rise by up to 16.8% this year, and the cost of building new homes has also risen by more than 11%.

title: “Social Housing Rent Rises To Be Capped In England Next Year Social Housing Klmat” ShowToc: true date: “2022-11-12” author: “Jack Campbell”

Referring to the cost of living crisis, Greg Clark, the housing secretary, said social landlords would be limited to an annual increase of between 3% and 7%, with the exact amount to be determined after a consultation, which will also ask whether the temporary The cap should be in place for a year or two. Currently, social housing landlords can increase rents based on consumer price inflation plus 1%, meaning tenants faced the possibility of an 11% rise in their rent bills. Such a rise would also hit taxpayers, as the majority of social housing tenants use benefits to cover their rent. “We need to protect the most vulnerable households in these exceptional circumstances over the next year,” said Clarke. “Capping rent increases for social tenants provides security and stability for families across England. We know many people are worried about the coming months. We want to hear from landlords and social tenants about how we can make this work and support the people who need it most.” But tenants warned the cap was insufficient, partly because it would not apply to increases in service charges, and called instead for a full freeze. “Between 3% and 7% is not enough,” said Suzanne Muna, secretary of the Social Housing Campaign, who pointed out that tenants also face rising food, fuel and other costs. “That would still be a huge problem for renters who can’t absorb the 3%.” The campaign said that even before the Covid pandemic and the cost of living crisis, rent arrears among tenants and occupiers were building at a steady rate of around 10% a year. Between March 2018 and March 2021, rent arrears rose from £591m to £704m. It calls on tenants to refuse to pay any rent increases. Private landlords are raising rents by 4.7% a year overall and by 8.3% in new lettings, according to annual data to July from Hamptons, the estate agency. Social landlords said the cap would mean tens of billions of pounds less would now be invested in social housing stock at a time of growing public concern about safety and conditions on some estates. The cost of building new homes rose 12% in the year to June and repair costs rose 14%, they said. The National Housing Federation and the Local Government Association said: “We are very concerned that a new cap on social housing rent increases will significantly impact the ability of housing providers to deliver critical services to residents and invest in new and existing homes.” Archie Bland and Nimo Omer take you to the top stories and what they mean, free every weekday morning Privacy Notice: Newsletters may contain information about charities, online advertising and content sponsored by external parties. For more information, see our Privacy Policy. We use Google reCaptcha to protect our website and Google’s Privacy Policy and Terms of Service apply. They said if rent increases were to be curbed, further government would have to provide funding to mitigate the damage. “To maintain and improve people’s existing homes, as well as to continue to build new affordable homes, significant investment every year is necessary,” said Geeta Nanda, chief executive of the Metropolitan Thames Valley Housing Association and chair of the G15 group. . of social owners. “Rental income is vital to support this work. Housing associations have already seen costs for critical materials to deliver repairs and maintenance rise by up to 16.8% this year, and the cost of building new homes has also risen by more than 11%.

title: “Social Housing Rent Rises To Be Capped In England Next Year Social Housing Klmat” ShowToc: true date: “2022-11-28” author: “Barbara Brumbaugh”

Referring to the cost of living crisis, Greg Clark, the housing secretary, said social landlords would be limited to an annual increase of between 3% and 7%, with the exact amount to be determined after a consultation, which will also ask whether the temporary The cap should be in place for a year or two. Currently, social housing landlords can increase rents based on consumer price inflation plus 1%, meaning tenants faced the possibility of an 11% rise in their rent bills. Such a rise would also hit taxpayers, as the majority of social housing tenants use benefits to cover their rent. “We need to protect the most vulnerable households in these exceptional circumstances over the next year,” said Clarke. “Capping rent increases for social tenants provides security and stability for families across England. We know many people are worried about the coming months. We want to hear from landlords and social tenants about how we can make this work and support the people who need it most.” But tenants warned the cap was insufficient, partly because it would not apply to increases in service charges, and called instead for a full freeze. “Between 3% and 7% is not enough,” said Suzanne Muna, secretary of the Social Housing Campaign, who pointed out that tenants also face rising food, fuel and other costs. “That would still be a huge problem for renters who can’t absorb the 3%.” The campaign said that even before the Covid pandemic and the cost of living crisis, rent arrears among tenants and occupiers were building at a steady rate of around 10% a year. Between March 2018 and March 2021, rent arrears rose from £591m to £704m. It calls on tenants to refuse to pay any rent increases. Private landlords are raising rents by 4.7% a year overall and by 8.3% in new lettings, according to annual data to July from Hamptons, the estate agency. Social landlords said the cap would mean tens of billions of pounds less would now be invested in social housing stock at a time of growing public concern about safety and conditions on some estates. The cost of building new homes rose 12% in the year to June and repair costs rose 14%, they said. The National Housing Federation and the Local Government Association said: “We are very concerned that a new cap on social housing rent increases will significantly impact the ability of housing providers to deliver critical services to residents and invest in new and existing homes.” Archie Bland and Nimo Omer take you to the top stories and what they mean, free every weekday morning Privacy Notice: Newsletters may contain information about charities, online advertising and content sponsored by external parties. For more information, see our Privacy Policy. We use Google reCaptcha to protect our website and Google’s Privacy Policy and Terms of Service apply. They said if rent increases were to be curbed, further government would have to provide funding to mitigate the damage. “To maintain and improve people’s existing homes, as well as to continue to build new affordable homes, significant investment every year is necessary,” said Geeta Nanda, chief executive of the Metropolitan Thames Valley Housing Association and chair of the G15 group. . of social owners. “Rental income is vital to support this work. Housing associations have already seen costs for critical materials to deliver repairs and maintenance rise by up to 16.8% this year, and the cost of building new homes has also risen by more than 11%.