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I wonder what those mums with children in social housing would say to this ... ?1.3 million children living in poverty in private rented sector, says NHFIn a new report published today, the trade body said that is an increase of 537,325 from 2008 – a 69% rise – with a shortage of social housing helping drive the surge.
The NHF claimed that 242,753 of the children currently affected would not be in poverty if they lived in social housing and that another 500,000 would be better off.
Social rents are typically around half of market rent, meaning that poor households in private rented homes would be £3,172 a year better off on average – which would also save the government an annual £1.8bn in housing benefit.
Nearly half (46%) of all children living in England’s private rented sector are in poverty, despite 71% of their families having jobs, researchers said.Full/source article See - Social landlords are the real "rent thieves"
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
There's some sly selection of data in the report and reporting of it.
Not all RSLs charge 'social rents' - that has a specific definition
- many are now charging 'affordable rents' for an increasing proportion of their homes which has a different definition....
(and some are just straight up market rents)
DISCLAIMER just my personal opinion - for legal advice consult a qualified professional grown-up.
"Social rents are typically around half of market rent" - Love to know where this stat came from?
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In London/SE social rents can be below half of private rents on like for like property.
Overall some 98% of all SRS rents are at "social rent" level - with only newish tenancies being charged around the 80% affordable/intermediate rent level.
Yes some HA rents will be at 100% MR - but those are units built to rent via separate offshoot companies - with profits deriving used to boost the core social provision (so the say).
In much of Midlands/North though there are locations where social rents are at or even above private rents - eg 50th percentile LHA.
Latter arose as HAs involved in new builds in 2008 based development plans around then current LHA rate at 50th percentile - hence new tenants got charged close to 80% MR - though with needs based allocation we have 75% claiming HB (EHS 2017).