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Rent Increases Explained

15th January 2020
READING TIME:

2 minutes

From April 2020, all housing associations across the country will be able to increase social and affordable rents by CPI*+1% each year, in line with current Government policy.

Halton Housing welcomes this new settlement, which we believe strikes the right balance between staying affordable for customers, while also providing financial certainty for us as your landlord.  The board has agreed that we will increase rent by 2.7% (2.9% for shared ownership).

Our promise to customers, is to improve the homes we have, provide improved services to you (particularly around health and safety), and to build new homes for the future. For the past 4 years, we have not increased rent.  In most cases there has been a reduction of 1% year on year, with many of our newer customers never having experienced a rent increase while living in their current home.

We have put together a leaflet explaining why rent is increasing, and some detail about how we provide value for money and how the rent increase income will be invested.

Customers will receive a letter at the end of February to tell them what their rent will be.

Read the leaflet in full here:

If you have any questions, please contact us as income.section@haltonhousing.org or via the contact options on the app or customer portal and we’ll be happy to respond.

 

*CPI (Consumer Price Index is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them.)

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