With the Autumn Statement reporting a 7% social housing rental cap that is predicted to cause a £4.9bn impact on UK housing associations over the next 5 years, both housing associations and their tenants are in an uncomfortable position.
Often subject to negative media attention, housing associations are having to strike a balance – prioritising both income flows and tenant welfare – while minimising harm caused to both tenants and their organisation.
Current sector challenges, including retro fitting homes to meet net zero targets for housing stock, pressures around maintenance, and building new homes to mitigate against housing crisis, are making striking this balance much harder.
Landlords and retrospective organisations need to continue to help their tenants to live well, but they don’t quite have the right resources or the time and money to build the infrastructure to help them do this.
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