Housebuilder Top Tip - George Osborne's cut in affordable housing rents begins to bite

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Housebuilder Top Tip: George Osborne's cut in affordable housing rents begins to bite

Published On: 3 August 2015

We are starting to see the effect of George Osborne's decision to enforce 1% a year rent reductions on housing associations.

The reductions will commence in April 2016. After four years the rent formula will return to one per cent more than (CPI) inflation. The cut applies to all social housing rents, including affordable and social rents.

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