If 2020 limit is above formula (plus flexibility) => increase capped at CPI. version of this document in a more accessible format, please email, Ministry of Housing, Communities & Local Government, Welfare Reform and Work Act 2016 - social rent reduction, Direction on the rent standard from 1 April 2020, Coronavirus (COVID-19): guidance and support, Transparency and freedom of information releases. applies to local authority registered providers (as well as to private registered providers) The direction also sets out the basis on which social rents and affordable rents are set. PDF, 123KB, 20 pages. https://bit.ly/37x6tMS. Published 23 May 2014. The Regulator of Social Housing is consulting on the new rent standard to apply from 2020 which is based on the direction from the Secretary of State for Housing, Communities and Local Government and to government's rent … Can leaseholders claim compensation if the landlord delayed or failed to carry out repairs? Our main base is in central London, near to Liverpool Street Station. IT’S THE LAW: Tenancy types and what they mean, Social Housing: 10 Challenges Facing Registered Providers, The Mortgagee Protection Clause Explained. The Guideline Limit for increases in rents is applicable to all low cost rental housing, including Social Rent and Affordable Rent. • Social Rented Housing – provided by local authorities and Registered Social Landlords where rent levels have regard to the WG’s guideline rents and benchmark rents; • Intermediate Housing – where prices or rents are above those of social rented housing but below market house prices and rents. Re-lets of affordable rent as before (80% of market). LAs can apply to exempt accommodation with the agreement of Government where application of the rent standard would be financially unviable (to be known as “relevant LA accommodation”). This means that every time you visit this website you will need to enable or disable cookies again. The Rent Standard is one of three economic standards that the Regulator of Social Housing expects registered providers to comply with. We use this information to make the website work as well as possible and improve government services. And it outlines the proceduresto be followed by grant applicants and grant … Starting point for rents is “2020 limit” = average weekly rent for a unit in final year of rent reduction plus (upto) CPI + 1%. It is up to social landlords (and landlords in general) to determine the balance between rents and housing needs of the local communities, with the general idea that rents should remain affordable to low-income households without the only viable way to be through housing … Exceptions: the same exceptions apply as under the old Rent Standard and under rent reduction (LCHO, IMR, temporary social housing, student, specialised supported, PFI, care homes etc). Annual maximum increases of CPI + 1% restored for at least 5 years (review in 2023). Back to top Added link to a new direction to the regulator of social housing published February 2019. Draft Guidance. It supersedes HSIDGN 2016/02. We group our work into Strengths – just click on a Strength to your right to find out more: Devonshires has a reputation for providing high quality legal services to a diverse range of client sectors. Don’t worry we won’t send you spam or share your email address with anyone. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. social rent ’ (which constitute a majority of rented social housing properties) have been set based on a formula set by government. This guidance sets out the government’s policy on rents for social housing from April 2015 onwards. Guidance and directives from state and local officials and state and localexternal iconhealth departments. One important departure is local authorities being made subject to the new Rent Standard. Rent Arrears or Other Outstanding Liabilities Related to a Tenancy Don’t include personal or financial information like your National Insurance number or credit card details. Schedule 2 to the 2016 Act introduces, for a period of 4 years, requirements about the maximum levels of rent for social … Rachel Orgill-Harris, Solicitor in our Banking, Governance & Corporate team features in @HousingMagazine. This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages. In an England-based study, the Chartered Institute of Housing recommended the adoption of a common definition for social housing, the increase in the supply of affordable housing and to link … This guidance sets out the government’s policy on rents for social housing from April 2015 onwards. Join our mailing list and find out what we’re up to and what we think about recent events and future possibilities. This guidance sets out the government’s policy on rents for social housing from April 2015 onwards. Flexibilities should not be employed as a matter of course – to be used in a “balanced way”. Re-lets of social rent at formula rent plus flexibility. Housing associations are under pressure to offer rent holidays after only one pledged not to evict any tenant in arrears due to self-isolating because of the coronavirus.. That limit is the Retail Price Index (RPI) + 0.5%. Local authorities must charge reasonable rents for tenants in its own housing stock. Guidance on rents for social housing. Can rebase affordable rents on renewal of fixed term tenancy but capped at CPI + 1% on existing rent. You’ve accepted all cookies. How your facility is helping to prevent the spread of COVID-19. Will apply to local authorities because the current Limit Rent for LAs is not compatible with Universal Credit. A rent formula was established with actual rents moving towards a national formula rent which took account of values of properties and local earnings relative to national earnings. In May 2014 the government responded to the consultation and provided its final guidance on rents for social housing. We will see the continuation of formula rents for social rented units and affordable rents continue to be set as before at up to 80% of market rent. How to stay healthy, including videos, fact sheets, and posters with information on COVID-19 symptoms and how to stop th… At the same time, the Government published its policy on rents for local authority owned social housing from April 2015 onwards - Guidance on rents for social housing. Keeping this cookie enabled helps us to improve our website. In summary, this guidance provides an intermediate housing approach that could: • Provide a sub-market housing solution for people on low to moderate incomes • Ease the demand and pressure on social … A ‘bedroom weighting’ factor was also applied to try and ensure the resulting rents better reflected the perceived val… ) = > increase capped at CPI the regulator of social rent and affordable rent as before ( 80 of! A satellite office in Colchester number of visitors to the site, and the most popular pages with best... €™ ( which constitute a majority of rented social housing from 2015 to 2016 consultation was in. Rps, only voluntary it will take only 2 minutes to fill in provide an excellent service we to. Improve GOV.UK, we ’ ll send you spam or share your email address with anyone voluntary. Every time you visit this website you will need to enable or disable cookies.. 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