Transport, Local Government and the Regions written question – answered at on 10 July 2001.
To ask the Secretary of State for Transport, Local Government and the Regions what plans his Department has to introduce new target rents for newly built or procured properties on first lettings; and if he will make a statement.
My Department's "Guide to Social Rent Reforms" which was issued last December stated that:
"Newly-provided housing funded through Social Housing Grant, and approved for funding from 2002–03 onwards, will normally have rents set immediately at the target levels given by the restructuring formula."
This remains the Government's policy. The Housing Corporation is currently reviewing the framework for calculating grant rates for newly provided social housing so that it properly reflects the new structure of rents at which properties will be let.
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