Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
Consultation due shortly on limiting 2023/24 rents to help struggling tenants, in move expected to hit development
Social housing providers are bracing themselves for the government to propose a significant reduction in the amount they can increase rents by next year, in a move thought likely to hit housing association development plans.
Housing Today understands the Department for Levelling Up, Housing and Communities is due imminently to consult on plans to limit the rent increases that social landlords can implement in the 2023/24 financial year to around 5-7%, due to ministerial concerns over how the cost-of-living crisis is impacting tenants.
…
Already registered? Login here
Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:
It takes less than one minute….
… or subscribe for full access - Subscribe now