NIHE tenants to be hit with 3.6% rent increase
Tenants of the Northern Ireland Housing Executive will be hit with a rent increase of around 3.6 per cent from 1 April.
Social development minister Nelson McCausland approved the rent increase of around £2.12 a week on Tuesday. The increase brings average rents to £60.90 a week excluding rates, but NIHE rents are still around £20-a-week less than the average rent for similar local authority accommodation in England, £12 less than those in Wales and on a par with those in Scotland.
A statement from the organisation said rental income for the NIHE ‘needs to be sufficient to maintain accommodation at the standard expected by tenants and allow for adequate investment in the stock’.
Almost 80 per cent of NIHE tenants receive full or partial housing benefit support towards their rent.
The Department for Social Development is currently consulting on plans to split the NIHE up and potentially sell its homes off to housing associations.