[Diggers350] CIH: New joint report looks at major savings in housing sector
Tony Gosling
tony at cultureshop.org.uk
Wed Oct 20 00:54:04 BST 2021
>From: "Chartered Institute of Housing (CIH)"
> <noreply at charteredinstituteofhousingcih.vuelio.co.uk>
>Date: Sun, 17 Oct 2021 23:01:04 +0000
>Subject: New joint report looks at major savings in housing sector
>Reply-To: "Chartered Institute of Housing (CIH)" <noreply at cih.org>
>Sender: "Chartered Institute of Housing (CIH)"
> <noreply at charteredinstituteofhousingcih.vuelio.co.uk>
>
>
>
>
>New joint report looks at major savings in housing sector
>
>
>
>
>
>Embargoed until 00.01, 18 October 2021
>
>
>
>17 October 2021
>
>A new report by the Chartered institute of
>Housing (CIH) and the Centre for Homelessness
>Impact highlights that money spent on housing
>support could be used more effectively:
> * The Exchequer could save £1.9 billion a
> year by moving recipients of Housing Benefit
> (HB) or Universal Credit (UC) from private
> rented accommodation to social rented housing,
> whilst also making low income households less vulnerable to homelessness
> * Councils could save £572 million a year
> if they were able to use social rented housing
> for the 73,700 lettings they currently use in
> the private rented sector for households at risk of homelessness
> * The savings in benefit and temporary
> accommodation costs could offset the cost of building more social rented homes
> * Moving each benefit claimant out of
> private rented accommodation and into a social
> rented accommodation will save approximately
> £1,100 per year in benefit payments
> * Moving each family in temporary
> accommodation and into social rented
> accommodation saves about £7,760 per year
> * 1.7 million tenants in private rented
> accommodation, where rents are higher, receive
> housing subsidies through the benefits system
> which costs £7.9 billion a year.
>
>The report found that building 10,000 homes a
>year in the social rented sector would cost
>central government around £40 million a year
>but could in turn save £44 million a year in
>housing subsidies if used to house tenants
>currently in private rented housing or temporary accommodation.
>
>James Prestwich, director of policy and external affairs, CIH said:
>
>âThis joint report reveals the full benefit to
>the exchequer of building social rented homes.
>
>âCouncils currently house almost 75,000
>households, at risk of homelessness, in private
>rented accommodation. If these households could
>be rehoused in social rented homes councils would save £572m a year.â
>
>Dr LÃgia Teixeira, chief executive officer,
>Centre for Homelessness Impact, said:
>
>âWe should ask hard questions about whether
>the very large sums paid in benefits to
>subsidise the housing costs of people on low
>incomes are being used in the most effective way.
>
>âWhile evidence suggests this financial
>assistance constitutes an important part of the
>UKâs homelessness âsafety netâ, our report
>shows that it is possible to make limited
>resources go further: for instance, by
>redirecting some of this money into social
>housing which can be better value and more secure for tenants.â
>
>Before the pandemic temporary accommodation for
>families experiencing homelessness was costing
>local authorities £1.2 billion a year; almost
>four fifths of such accommodation is met using private rented housing.
>
>The Department of Work and Pensions currently
>spends £30.6 billion a year on HB and the
>housing element of UC, which is around 15% of
>the benefits budget. This is forecast to
>increase to £31.3 billion by 2025-26 as more people switch to UC.
>
>
>
>[ENDS]
>
>Notes to editors
>
>To read the full report;
><http://tracking.vuelio.co.uk/tracking/click?d=BWOnBKUAYU9yQZTdcIB5DzMKMNc5sQnFjHR_NQBpSDfoZg0U6rn2caHNlRd6_LagzRTHPPaz9-jgQ5b0c80x_4tfOEpse5FX1_vFPCKMTXNiiePnzws8i5zjyphLt9mFaacRH61-ZDp-3cBjEpVLEozk4YynnGySGi9gGRDCfmBDKyjl8QKmh2UuDvpDef4AQvUicJNzir1MwhlOcfEcgvPPqcC9z3xdadrixokGYo7Xi5T2tOSDNOZaiLI369y9zcNy-0_rsEcOISRjJKB4mFFlqC9B5pwJRLNS65HHwnL4DOYaY_y7CbA5-dTk1d9BxPeuxBl0fRBjs3MiodXFR3lKBbVAaVntcVHxqIjEo4UesovsNDAjD0W8u2V-ljEwJNB1szvutlMi51aylO7FVlkWhFSOlAGcqprgysAvEFuO8b28U9tT2b3NcPl1y6rHyfn4TiOQ3FwIVRyZrt-nEeWtA91DWky0C8C56SoL0BYaSW_yUHZbjW_RW61K9Nmdn47aZtnTd19AN8nsvttBYipWCUR7JArGxwsMS5AtphLFAtKm-B7iZ0OTItzA_d97kmw8MdKhIZ11L_DInS58pIsfy311XJRNWulP1bgf1lcbsoz8RcOpQGo1MCp7UmALEmycCtZhs23EDHsyjtxUG8M1>https://www.homelessnessimpact.org/downloads
>
>
>For further information contact Karen Ireland,
>communications manager, karen.ireland at cih.org
>
>
>About the Chartered Institute of Housing
>
>The Chartered Institute of Housing (CIH) is the
>independent voice for housing and the home of
>professional standards. We have a diverse
>membership of people who work in both the public
>and private sectors, in 20 countries on five continents across the world.
>
>Our goal is to support housing professionals to
>create a future in which everyone has a place to
>call home by providing them and their
>organisations with the advice, support and knowledge they need to be brilliant.
>
>CIH is a registered charity and not-for-profit
>organisation. This means that the money we make
>is put back into the organisation and funds the
>activities we carry out to support the housing sector.
>
>
>
>About the Centre for Homelessness Impact:
>
>The Centre for Homelessness Impact (CHI), is a
>member of the
><http://tracking.vuelio.co.uk/tracking/click?d=U3HlIYzSJKcB7OvJ_1k26NlClqfzR2cJpjSkUKWuirFUZfRNl-zZfWI6lDABzNvBZ8et2nGDPmrx_xJXEv5krcTLKkYWy5UqZ5tQKyIOf3h3bgNEA6K_fzAEYLhbdRS4BM8sMXq3qQIYVh6wEXeG_l01>What
>Works Network. It advocates for an evidence
>based approach to ending homelessness for
>good. The CHI supports organisations in the
>field of homelessness and beyond to make
>evidence-led decisions and to adopt evidence-led practices.
>
>Website:
><http://tracking.vuelio.co.uk/tracking/click?d=3PQJ0gEn9SomaPEhJLYFql0raIE35IDzhAeQK-VCLsHtIhH2s-jeuerb1gFQuOpcB5m1nPC2Sf2JUjOAiB9ufR0NxupbyIdGx_RQTZ9BcTyrxgETxg-jRZ3goHiuaXyBM3FXJkJ5I968RYBbWj7q7Wc1>https://www.homelessnessimpact.org/
>
>LinkedIn:
><http://tracking.vuelio.co.uk/tracking/click?d=MtsCQaNFFMbnYRX7NKOrdWRei_tKHPl-xblDIsrpWBJlQS_FZXKdiuXkdkKsM_zrLf5P8clm-DwVTFz6Xoo3gJLJqB5lwNoLEeOY3m8AunpgMdDQDK06CaNEQi7EqC-ERWUh3W_c1wqj3UP7MPQAg8QyVqTHtWSWUrLKJKsGGONGJ5od4i94VF-CmKUOp0bTjg2>https://www.linkedin.com/company/centre-for-homelessness-impact/
>
>Twitter:
><http://tracking.vuelio.co.uk/tracking/click?d=o6_uReo7GRA3cPndyT4s0HohDd8L3EmNFZqC2g-iHU19Ig9LrElOtYzls0xGwFwkxNWfjTud-i2my5QMMU-SB1LwEFtcK4ze3fZjZX59KKu-VzayuMEJA1T9KZlkpP3GgmOcVyzDxopZWKWmQW8SmGY1>https://twitter.com/homelessimpact
>
>
>
>Website:
><http://tracking.vuelio.co.uk/tracking/click?d=3PQJ0gEn9SomaPEhJLYFql0raIE35IDzhAeQK-VCLsHtIhH2s-jeuerb1gFQuOpc8yiturA7HwDL3pNtZBdvps97R3Jm_PhGwwwHtgis7V9Z2vlVQq9L4T0KyootwkfvxYE8ZwyoF2XLQmRSnVlSEzE1>https://www.homelessnessimpact.org/
>
>LinkedIn:
><http://tracking.vuelio.co.uk/tracking/click?d=MtsCQaNFFMbnYRX7NKOrdWRei_tKHPl-xblDIsrpWBJlQS_FZXKdiuXkdkKsM_zrLf5P8clm-DwVTFz6Xoo3gJLJqB5lwNoLEeOY3m8AunqV96S4HQtQ3EgDZ8qBerq1OnZWRi0pwJ-N3MDeqMw1MXQNYYOCJsbii6W6hOLOX60IUzxSzvHMUGB6YRaYfKWC9A2>https://www.linkedin.com/company/centre-for-homelessness-impact/
>
>Twitter:
><http://tracking.vuelio.co.uk/tracking/click?d=o6_uReo7GRA3cPndyT4s0HohDd8L3EmNFZqC2g-iHU19Ig9LrElOtYzls0xGwFwk8iCSwBX2b79nSifLpF2cI4S5hH5xJIkOfOJNJyorwnLZjSxCVjYJyJxFyqE_WS7L5kUn3ZCoBly7_0DczNXF8m81>https://twitter.com/homelessimpact
>
>
>Chartered Institute of Housing (CIH), Octavia
>House Westwood Way, Coventry, West Midlands, CV4 8JP, United Kingdom
>[]
>
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