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You may have heard about some changes recently announced by the Government

that will affect

you as a resident

and

us as a landlord

.

Here is a recap of what the Government has said its

aims

are for the next five years

and

how they could affect you

.

Aim 2

From April 2016, the

Government is going to

reduce social housing rents

by 1% each year for the

next four years.

How could this affect you?

This means that you will see a

drop in the amount of rent you

pay to us, excluding service

charges. Your rent will reduce

by 1% every year for the next

four years. Service charges

may still increase if the cost of

providing the services rises.

This reduction means that we

will lose a total of £11m

during this time. We will work

hard to safeguard services

as much as possible and we

are currently working through

what this cut in income will

mean in practice. As soon

as we know, we will be talking

to you about any changes that

need to be made.

Aim 3

The Government wants to

give you, as a social housing

tenant, the opportunity to

own your home through the

Right to Buy scheme.

How could this affect you?

You could be entitled to a

discount if you want to buy your

home through Right to Buy.

If you choose to buy your

home, you would no longer be

an emh homes tenant and

would take on full ownership of

your property and its

maintenance.

Aim 1

Over the next five years,

the Government wants to

reduce the amount of money

it spends on welfare by

£12 billion.

How could this affect you?

e

Working age benefits, including

housing benefit, will be frozen,

so for the next four years there

will be no increase in what you

receive

e

There will be a limit to the

amount of benefits you can

receive in a year, with the

maximum being capped at

£20,000 outside London

e

If you are under 21 and

unemployed, you will no longer

be automatically entitled to

housing benefit

e

If you receive Universal Credit,

after April 2017 you will only

receive Child Tax Credit for a

maximum of two children

e

There are also changes being

made to tax credit which are

still being finalised

e

If you are aged over 25, you

must be paid the National

Living Wage of £7.20 per hour

from April 2017

e

If you are a social housing

tenant with a household

income of more than £30,000,

you will have to pay market rent

to stay in your home.

BUDGET 2015:

1%RENT

REDUCTION

RIGHTTO

BUY

H

O

Y

What do the changes mean for me?

W

E

L

F

A

R

E

7

NEWS