December 2024 – Joint CWAG, ARCH, NFA consultation response. Using analysis undertaken by Savills for the wider social housing sector, the response makes the case for a longer term rent settlement based on CPI plus 1% for ten years plus convergence to formula rents. The response also highlights that additional funding to fund newbuild will be essential in the short to medium term.
As a follow up to the consultation, CWAG also joined other sector partners to send a joint letter to the Deputy Prime Minister highlighting the importance of a 10-year rent settlement, based on CPI plus 1% and convergence with formula rents, to stabilise finances within the social rented sector. Other signatories include the Chartered Institute of Housing, Association of Retained Council Housing National Housing Federation, Local Government Association, National Federation of ALMOs, and the Northern Housing Consortium.