Welsh Government's social housing rent announcement
The Cabinet Secretary for Communities and Children, Carl Sargeant, has today announced that the Welsh Government policy for social housing rents will be maintained for 2017/18.
The rent uplift for social landlord properties covered by the policy for 2017/18 is 2.5% (CPI + 1.5%).
Stuart Ropke, Chief Executive of Community Housing Cymru, said: “We welcome this announcement. Maintaining the rent settlement for 2017/18 will support housing associations to play their part in achieving the 20,000 affordable housing target during this term of Government.
A secure rental income stream alongside continued financial support from the Welsh Government is vital for the future viability of Welsh housing associations, and this security means that the sector can continue to build more homes towards the 20,000 target and deliver services in communities across Wales.”
Community Housing Cymru signed a Housing Supply Pact with the Welsh Government and the WLGA earlier this month.