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29/01/2024
Housing Executive Rent To Increase By 7.7% From 01 April
Housing Executive rents will increase by 7.7% from 01 April, 2024, following approval of the increase by the Department for Communities.
Rent pays for the housing services provided by the Housing Executive. This rent increase will provide funding for essential maintenance, improvements and investment while also keeping the rent affordable for tenants.
Tenant affordability was once again the Department's key consideration. 79% of Housing Executive tenants are currently in receipt of housing assistance. These tenants will be protected from the impact of the rent increase.
For the other 21% of tenants (not in receipt of any housing assistance), the impact of the increase was modelled across a range of household scenarios all of which demonstrated its affordability.
The Housing Executive is offering support to tenants through its Financial Inclusion Team which helps tenants by providing advice on benefits, budgeting and signposting to a range of sources of financial support.
Housing Executive rent levels are considered every year by taking into account a wide range of factors, including: inflation; projected running costs; spending requirements and affordability.
Rent pays for the housing services provided by the Housing Executive. This rent increase will provide funding for essential maintenance, improvements and investment while also keeping the rent affordable for tenants.
Tenant affordability was once again the Department's key consideration. 79% of Housing Executive tenants are currently in receipt of housing assistance. These tenants will be protected from the impact of the rent increase.
The Housing Executive is offering support to tenants through its Financial Inclusion Team which helps tenants by providing advice on benefits, budgeting and signposting to a range of sources of financial support.
Housing Executive rent levels are considered every year by taking into account a wide range of factors, including: inflation; projected running costs; spending requirements and affordability.
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Housing Executive rents will be pegged to inflation for the 2007/08 financial year, the Social Development Minister announced today. David Hanson MP confirmed that the increase, which comes into effect from April 2, will be 3.6%. He said: “In reaching my decision I took account of a number of factors.
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Northern Ireland WeatherToday:A dry and sunny start but cloud bubbling up with a few showers developing from late morning. Becoming dry and sunny along the east coast in the afternoon. Maximum temperature 12 °C.Tonight:Showers gradually die out to leave good clear spells in the evening and overnight. This will allow a few fog patches to develop in places. Minimum temperature 2 °C.
