Auditor RSM has completed a poll of Housing Associations.
Inside Housing have reported that “94% of 123 organisations said they would apply the maximum permissible Consumer Price Index (CPI) plus 1% increase across their stock, equating to a 2.7% rise”.
Rent increase letters will be received approx. a month in advance by residents.
This follows the rent freeze by a previous Conservative administration which took approx 16% out of the sector’s business plans, causing housing associations and councils to make cuts to services and abandon planned investment.