guidance on rents for social housing

In summary, this is what you need to know: If you need any more information on issues raised by the Consultation or on rent compliance generally, please contact Nick Billingham. In October 2013 the government published a consultation paper on rents for social housing from 2015/16. https://bit.ly/37x6tMS. 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. Please enable Strictly Necessary Cookies first so that we can save your preferences! Guidance and directives from state and local officials and state and localexternal iconhealth departments. The dedicated and talented people that work for Devonshires are the platform for our success as a firm. Schedule 2 to the 2016 Act introduces, for a period of 4 years, requirements about the maximum levels of rent for social … And it outlines the proceduresto be followed by grant applicants and grant … Rachel Orgill-Harris, Solicitor in our Banking, Governance & Corporate team features in @HousingMagazine. 1.4 Since 2001, most rents for social housing (“social rents”) have been set based on a formula set by Government. Guidance on Tenant Rights for Page 2 of 2 December 2017 Supportive Housing Units with No Rent Subsidies • Utility allowance = $20 • Owner may charge the tenant $110 per month in rent because the current Supportive Housing … 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 … 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”). You can change your cookie settings at any time. This guidance sets out the government’s policy on rents for social housing from April 2015 onwards. 4. 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. Banking, Capital Markets & Property Charging, Your Quick Guide to the Rents for Social Housing from 2020-21 Consultation, Devonshires advise Riverside on £150m private bond issue with international investor, Devonshires awarded with Banking & Finance Law award at the Yorkshire Legal Awards, Devonshires advise Vale of Aylesbury Housing Trust on Group Refinancing, Devonshires act for Pobl Group Limited on their group reorganisation. A local authority must also take account of Government guidance and the Rent Standard as set by the regulator of social housingwhen setting rents. If you disable this cookie, we will not be able to save your preferences. Re-lets of affordable rent … The latest news from Devonshires, sent to you direct. The current formula is devised on the basis that social rents take account of: 1. the condition and location of a property 2. local earnings 3. number of bedrooms in a property. Fair rents If a tenancy started before 15 January 1989, the tenancy is likely to be a regulated tenancy. Published 23 May 2014. There is an annual limit – a Guideline Limit - for rent increases in social housing (including Affordable Rent) for any single year. Can rebase affordable rents on renewal of fixed term tenancy but capped at CPI + 1% on existing rent. Social rent levels are set by a reference to a formula.The aim of the formula-based approach is to ensure that similar rents are paid for similar properties. Our main base is in central London, near to Liverpool Street Station. In order to provide an excellent service we aim to recruit the best people; people who stand out from the crowd! Rent Arrears or Other Outstanding Liabilities Related to a Tenancy • 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. 3. This means that every time you visit this website you will need to enable or disable cookies again. PDF, 123KB, 20 pages. IT’S THE LAW: Tenancy types and what they mean, Social Housing: 10 Challenges Facing Registered Providers, The Mortgagee Protection Clause Explained. Identify platforms such as email, websites, hotlines, automated text messaging, newsletters, and flyers to help communicate information on: 1. 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. In February 2019, the government published a new direction to the regulator of social housing to set a standard on rents for registered providers of social housing (including local authorities), to come into effect on 1 April 2020. on Rents for social housing from 2015 to 2016 consultation was published in October 2013 with a summary of responses published in May 2014. This guidance sets out the government’s policy on rents for social housing from April 2015 onwards. The direction requires the regulator of social housing to set a new rent standard for registered providers of social housing (including local authorities) with effect from 1 April 2020. Relaxation of the rules governing use of affordable rent which widen the scope of the Government, Homes England and/or the GLA to agree the use of AR. How to stay healthy, including videos, fact sheets, and posters with information on COVID-19 symptoms and how to stop th… Re-lets of affordable rent as before (80% of market). social rent ’ (which constitute a majority of rented social housing properties) have been set based on a formula set by government. This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages. 10% tolerance for supported housing continues. Will apply to local authorities because the current Limit Rent for LAs is not compatible with Universal Credit. 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.. We’ll send you a link to a feedback form. Starting point for rents is “2020 limit” = average weekly rent for a unit in final year of rent reduction plus (upto) CPI + 1%. 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 … The main changes included in the guidance … processfor planning the delivery of the majority of grant-funded homes through the Affordable Housing Supply Programme. 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. Exemption from compliance for local authorities is not in the ‘gift’ of the Regulator and is dealt with in the Rent Policy Statement (the Policy Statement on rents for social housing … In May 2014 the government responded to the consultation and provided its final guidance on rents for social housing. You can find out more about which cookies we are using or switch them off in settings. This website uses cookies so that we can provide you with the best user experience possible. 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. It supersedes HSIDGN 2016/02. Private registered providers of social housing (PRPSHs) must charge rents in accordance with the Rent Standard, as set by the regulator of social housing. The proposals are not controversial. That limit is the Retail Price Index (RPI) + 0.5%. The requirement to charge reasonable rents applies to most secure, flexible and introductory tenancies, exceptions are set out below. Reasonable rents are set by a reference to a formula.The aim of the formula-based approach is to ensure that similar rents are paid for similar prope… 2. Re-lets of social rent at formula rent plus flexibility. Join our mailing list and find out what we’re up to and what we think about recent events and future possibilities. The Rent Standard is one of three economic standards that the Regulator of Social Housing expects registered providers to comply with. In 2002 the Labour Government introduced a rent convergence policy under which, over a 10-year period, rents in social housing (local authority and housing association owned stock) were to be brought into alignment. 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 … Clarification that HIST rents (rents for high income social tenants) are not mandatory for RPs, only voluntary. This guidance sets out the government’s policy on rents for social housing from April 2015 onwards. Keeping this cookie enabled helps us to improve our website. Local authorities must charge reasonable rents for tenants in its own housing stock. To help us improve GOV.UK, we’d like to know more about your visit today. 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. Social housing allocations legal framework: statutory guidance for social landlords 13. We also have an office in Leeds and a satellite office in Colchester. It applies to stock-owing local authorities only. 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 … Consultation ended on 24th December 2013. One important departure is local authorities being made subject to the new Rent Standard. If 2020 limit is above formula (plus flexibility) => increase capped at CPI. Don’t include personal or financial information like your National Insurance number or credit card details. The guidance 5% flexibility on formula rents restored (having been removed under rent reduction). Similar wording was previously used in the guidance on rents for social housing that was issued by the Department in 2014. If 2020 limit is above formula (plus flexibility) => increase capped at CPI. This guidance works in … Guidance and forms to tell us about the properties you rent to help us work out rent valuations. Small but welcome tweak to the exception for IMR extending it to keyworker IMR generally without any other conditions. Flexibilities should not be employed as a matter of course – to be used in a “balanced way”. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. This guidance note sets out the new RSL social rent benchmark assumptions which will be used for grant assessment purposes with immediate effect. Annual maximum increases of CPI + 1% restored for at least 5 years (review in 2023). We use this information to make the website work as well as possible and improve government services. We are using cookies to give you the best experience on our website. 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). Ref: ISBN 9781409842026 Into force from April 2020 unless RPs have not completed rent reduction by then. How your facility is helping to prevent the spread of COVID-19. All content is available under the Open Government Licence v3.0, except where otherwise stated, If you use assistive technology (such as a screen reader) and need a It sets the requirements around how registered … Starting point for rents is “2020 limit” = average weekly rent for a unit in final year of rent reduction plus (upto) CPI + 1%. Flexibilities should not be employed as a firm our main base is in central London, to! Rent to help us improve GOV.UK, we will not be suitable for users of assistive technology enabled helps to. Additional information will be shared, and where to direct questions uses Google Analytics collect! Make the website work as well as possible and improve government services be suitable for users of technology. Orgill-Harris, Solicitor in our Banking, Governance & Corporate team features in @ HousingMagazine (! That limit is above formula ( plus flexibility ) = > increase capped at +... 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