Housing Associations: Rents

Ministry of Housing, Communities and Local Government written question – answered on 21st June 2018.

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Photo of Lord Kennedy of Southwark Lord Kennedy of Southwark Opposition Whip (Lords), Shadow Spokesperson (Home Affairs), Shadow Spokesperson (Communities and Local Government), Shadow Spokesperson (Housing)

To ask Her Majesty's Government what assessment they have made of the effect of the annual one per cent rent cut on the ability of housing associations to deliver effective services to their tenants.

Photo of Lord Bourne of Aberystwyth Lord Bourne of Aberystwyth The Parliamentary Under-Secretary of State for Wales, Parliamentary Under-Secretary (Housing, Communities and Local Government)

The Government’s published Impact Assessment (attached) is available online: https://www.parliament.uk/documents/impact-assessments/IA15-006F.pdf. The 2017 Global Accounts (published by the Regulator of Social Housing) report that the housing association sector continues to be financially robust, with a total net surplus of £4.1bn - up from £3.3bn in the previous year.

Impact assessment (PDF Document, 63.81 KB)

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