What might a fair affordable rent settlement look like?

hackett index

If rents are prevented from rising with inflation next year, as is now expected, social landlords must be permitted to claw money back at a later date, or investment will be hit, says Paul Hackett

The announcement that inflation has soared to its highest levels for 40 years shows the growing challenges being faced across the economy. And it leaves the social housing sector facing very difficult choices at a time when we are having to consider future rent-setting.

Like many associations, we find ourselves in a Catch-22 position. Supporting our residents is a major priority, as social housing tenants are buffeted by the cost-of-living crisis, so we’re keen to restrict the costs we pass on. But at the same time, our residents rightly expect us to continue funding the many vital services we provide, as well as making significant investments in fire safety and the repair and maintenance of their homes. And in the face of the crisis, it’s even more important we keep building new affordable home

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