CHC statement: 2024/25 social rent uplift cap
This statement was issued on 27 October 2023.
Welsh Government has announced a new maximum social rent uplift cap of 6.7%, along with the continuation of a package of support from housing associations and local authorities for their tenants.
Responding to the news, Stuart Ropke, Chief Executive, Community Housing Cymru, said:
“Setting rent is one of the most important decisions not-for-profit housing associations make, and they don’t take it lightly. It is a decision that carefully balances what is affordable for individual tenants with investing in the high quality homes and core services that they rely on.
“The permitted rent settlement is a ceiling, not a target. Housing associations will now set rents locally by engaging with tenants and using tools to understand affordability.
“They want people that live in their homes to feel safe and secure, and no one experiencing financial difficulties need worry about losing their home, where they work with their housing association.
“If you are a housing association tenant who is concerned about or is struggling with rent or household costs, please contact your landlord directly. Every Welsh housing association has a specialised, local team in place to support their tenants.”