Government to propose major cut to rent rises for affordable housing

One 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.

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