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Housing Today
Trusted media brand of the Chartered Institute of Housing
Autumn statement: LHA rate increase welcomed amid ‘absence’ of housebuilding and decarbonisation measures
Housing sector figures say the Government needs to help “get builders building” and support housing providers with decarbonising stock
The housing sector has welcomed the Government’s decision to increase the Local Housing Allowance (LHA) rate, however, industry figures have highlighted the “notable absence” of measures in today’s Autumn statement to increase housebuilding and decarbonise homes.
In today’s autumn statement, Jeremy Hunt announced that in April next year, the LHA rate will be restored to cover 30th percentile of homes available on the private-rented market, while Universal Credit will be increased by 6.7%.
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