The UK government plans to increase social housing rents above inflation to support affordable housing and stabilize struggling landlords, essential for long-term investment.
Chancellor Rachel Reeves will introduce a 10-year formula for social rent, allowing increases by the consumer prices index plus 1%, ending the previous cap.
Councils and housing associations need certainty in cashflows to incentivize new investment, with the National Housing Federation advocating for a structured rent settlement.
Angela Rayner aims to spearhead the largest surge in affordable housing within a generation, targeting 1.5 million new homes during this parliament.
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