Monday 11 August 2014

Future social homes

Social housing providers are facing reductions in their budgets while demand for accommodation rises, but changes to the benefits system threaten to undermine their flow of rental income. When Universal Credit is fully rolled-out by 2017, all benefits claimants will get a lump sum of all their entitlements directly into their bank account, rather than a proportion (formerly called housing benefit) being paid directly to the landlord - increasing the likelihood of arrears building up.