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The new affordable rent product will allow social landlords to charge rents at up to 80% of local market rents. When setting rents, it is expected that providers will, where possible, utilise the flexibility to charge rents at 80% of local market rents in order to maximise delivery of new homes, but landlords should take into account a number of factors, including the proposed reforms of the welfare system.
It is not possible to assess robustly the impact of the affordable rent model on the number of households who might be subject to the benefit cap because it is dependent on the behavioural decisions of housing providers, and the individual circumstances of future tenants.
My officials will work very closely with those responsible for the Government's affordable rent policy at the Department for Communities and Local Government in introducing the benefit cap.