At Karbon we set our rents in line with government policy and guidelines from the Regulator of Social Housing, this is known as the Rent Standard.
Last year, the Government confirmed that there will be a social housing rent cap of 7% in 2023, this is designed to support households with the rising cost of living. As a result, we will be increasing our rents by 7%.
We will be closely monitoring any impact on our customers. If you or someone you know is struggling to pay rent, are having money problems or just need some help and advice, please give us a call as there are many ways we can help. For example, our Tenancy Sustainment Team can help with any debts, benefit maximisation and also give advice on household budgeting. The best way for us to support you is for you to get in touch and talk to us.
We aim to provide as many good quality homes as we can, and as a not for profit organisation, this year’s rent increase will help us manage our rising energy, material and operational costs. It will also enable us to continue our investment in the improvement and maintenance of our existing homes, keeping them safe and secure; help us to build more new affordable homes for local people; and support the delivery of ambitious environmental sustainability targets.