Housing benefit in the housing association sector will be capped at the relevant local housing allowance (LHA) rate for new tenants ‘to help prevent social landlords from charging inflated rent for their properties’, the government said today.
Five associations from across England will pilot the voluntary Right to Buy (RTB) scheme to gauge tenant demand, values at which homes will be sold and the ‘design and implementation of the scheme’.
Spending review announcements around grant funding for shared ownership and Help to Buy, along with more constraints on housing benefit, underpin a ‘further decoupling’ of housing associations from government, Moody’s said today.
Chancellor George Osborne is set to announce a £6.9bn housing investment plan during today’s spending review, with the focus almost entirely on home ownership, it has been reported.
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From our Partners
It’s clear that the sector is in need of an overhaul.
After weeks of agitation and wild rumour within the social housing sector, no repeat of the massive shocks which hit our sector in July 2015.
Social landlords have been handed the opportunity to show they matter to a government determined to build more homes available to buy.
Delivering shared ownership to high-level income households may conflict with charitable objects.
George Osborne has signalled a shift change in the damaged relationship between associations and government by placing the sector firmly as part of the solution.
The government’s emphasis on home-ownership misses out on the sheer common sense of building up the rented sector.
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