What the rent cap will mean for social landlords

Andrew Cowan Devonshires

Introducing a cap on the amount by which housing associations can raise rents could jeopardise investor faith in the sector for a generation and have a disproportionate effect on new build social housing, argue Andrew Cowan, Gemma Bell and Jonathan Corris

The government’s consultation on one-year rent caps (if implemented) will actually help many boards of registered providers (RPs) struggling with a moral dilemma about how to balance investment priorities against the needs of tenants who are at the coal face of the cost of living crisis.

But while a cap is needed, this needs to be set at a realistic level to enable RPs to meet their commitments and preserve investment in the sector. Increased costs on delivering services and development will mean that below inflationary increases will weaken the capacity of RPs to intervene and help households and provide good quality services.

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