Thursday, 20 August 2009

Rent escalator in unknown territory

Cllr. Des Sparkes has drawn my attention to an article in The Times. This suggests that, because a government formula linking social housing rents to inflation is likely to result in a reduction next year (the first time that this will have occurred), housing associations will not have enough money to invest in new developments, and may well have to cut back on some of their existing services, like wardens.

Housing is a complicated subject, and I don't know enough at this stage to evaluate the Times article or the implications for council housing, but it is clearly going to repay study.

1 comment:

Peter Black said...

Only applies in England. Wales operates a separate (though loosely linked) formula that may produce a different outcome. It may not of course.