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Among the provisions of the Act are changes to housing benefit which came into force on 1 April 2013. These changes include an "under-occupancy penalty" which reduces the amount of benefit paid to claimants in social housing if they are deemed to have too much living space in the property they are renting. (This already applied to tenants in ...
Housing Benefit is a means-tested social security benefit in the United Kingdom that is intended to help meet housing costs for rented accommodation. It is the second biggest item in the Department for Work and Pensions ' budget after the state pension, totalling £23.8 billion in 2013–14.
The Government had been forced to change the level of the cap on Haringey Borough Council due to the discovery that it had overpaid housing subsidy. Due to the system of penalties, the repayment of £5m required a rate rise of £16m. [119] On 7 March, the council passed a motion in similar terms to others, declaring its inability to make a rate ...
The benefit cap is a UK welfare policy that limits the amount in state benefits that an individual household can claim per year. It was introduced by the Cameron–Clegg coalition government in 2013 [1] as part of the coalition government's wide-reaching welfare reform agenda which included the introduction of Universal Credit and reforms of housing benefit and disability benefits.
Half of all renter households spend more than 30% of their pretax income on housing costs, compared to less than one-third of homeowners, the report finds. Some 27% of renters pay more than half ...
The bedroom tax is a United Kingdom welfare policy whereby tenants living in public housing (also called council or social housing) with rooms deemed "spare" experience a reduction in Housing Benefit, resulting in them being obliged to fund this reduction from their incomes, move home, or face rent arrears and potential eviction by their landlord (be that the local authority or a housing ...
“Areas that saw strong buyer activity, even as mortgage rates climbed beyond 6.5%, stand to see the most benefit from falling rates,” said Realtor.com‘s economic research analyst, Hannah ...
The Chief Executive since 2022 is Tracey Downie, former Executive Director of Housing Management at Homes for Haringey. [7] It is registered as a Co-operative & Community Benefit Society with the Financial Conduct Authority and as a Registered Social Landlord with the Homes and Communities Agency.
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