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ARCH joins call for 10-year rent settlement 10/01/2025

ARCH has signed a joint letter to the Deputy Prime Minister, Angela Rayner, and Chancellor Rachel Reeves, calling for a 10-year rent settlement for councils and housing associations that allows annual increases of up to CPI + 1% (Consumer Price Index) plus gradual convergence to 'formula' rents that aim to ensure that tenants of similar homes pay similar rents, regardless of who their landlord is and when their tenancy started.  The letter is also signed by the Chartered Institute of Housing, National Housing Federation, Local Government Association, National Federation of ALMOs, Councils with ALMOs Group and the Northern Housing Consortium.  It argues that these measures, which go beyond the proposal in the Government's rent consultation paper, are essential to bring council Housing Revenue Accounts into balance and eventually enable councils to fund the expansion of new housebuilding.  

 

An accompanying report, jointly commissioned from Savills (summary here and full report here) provides a detailed analysis of future expenditure needs in support of this argument.

 

The same argument was put forward in ARCH's response, submitted jointly with the National Federation of ALMOs, to the Government's consultation on future rents, which closed on 23 December.

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