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<blockquote type=cite class=cite cite="">From: "Chartered Institute
of Housing (CIH)"<br>
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<noreply@charteredinstituteofhousingcih.vuelio.co.uk><br>
Date: Sun, 17 Oct 2021 23:01:04 +0000<br>
Subject: New joint report looks at major savings in housing sector<br>
Reply-To: "Chartered Institute of Housing (CIH)"
<noreply@cih.org><br>
Sender: "Chartered Institute of Housing (CIH)"<br>
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<noreply@charteredinstituteofhousingcih.vuelio.co.uk><br>
<br><br>
<br>
<h1><b>New joint report looks at major savings in housing sector
</b></h1><br><br>
<br>
<h2><b>Embargoed until 00.01, 18 October 2021 </b></h2><br><br>
17 October 2021 <br><br>
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:
<ul>
<li><b>The Exchequer could save £1.9 billion a year</b> 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
<li><b>Councils could save £572 million a year</b> 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
<li>The savings in benefit and temporary accommodation costs could offset
the cost of building more social rented homes
<li>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
<li>Moving each family in temporary accommodation and into social rented
accommodation saves about £7,760 per year
<li>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.
</ul><br>
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.<br><br>
James Prestwich, director of policy and external affairs, CIH
said:<br><br>
“This joint report reveals the full benefit to the exchequer of
building social rented homes.<br><br>
“Councils 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.”<br><br>
Dr Lígia Teixeira, chief executive officer, Centre for Homelessness
Impact, said:<br><br>
“We 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.<br><br>
“While evidence suggests this financial assistance constitutes an
important part of the UK’s homelessness ‘safety net’, 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.”<br><br>
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.<br><br>
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.<br><br>
<br><br>
[ENDS]<br><br>
<b>Notes to editors<br>
</b><br>
To read the full report;
<a href="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</a> <br><br>
For further information contact Karen Ireland, communications manager,
karen.ireland@cih.org<br><br>
<br>
<b>About the Chartered Institute of Housing<br>
</b><br>
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.<br><br>
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.<br><br>
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.<br><br>
<br><br>
<b>About the Centre for Homelessness Impact:<br>
</b><br>
The Centre for Homelessness Impact (CHI), is a member of the
<a href="http://tracking.vuelio.co.uk/tracking/click?d=U3HlIYzSJKcB7OvJ_1k26NlClqfzR2cJpjSkUKWuirFUZfRNl-zZfWI6lDABzNvBZ8et2nGDPmrx_xJXEv5krcTLKkYWy5UqZ5tQKyIOf3h3bgNEA6K_fzAEYLhbdRS4BM8sMXq3qQIYVh6wEXeG_l01">
What Works Network</a>. 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.<br><br>
Website:
<a href="http://tracking.vuelio.co.uk/tracking/click?d=3PQJ0gEn9SomaPEhJLYFql0raIE35IDzhAeQK-VCLsHtIhH2s-jeuerb1gFQuOpcB5m1nPC2Sf2JUjOAiB9ufR0NxupbyIdGx_RQTZ9BcTyrxgETxg-jRZ3goHiuaXyBM3FXJkJ5I968RYBbWj7q7Wc1">
https://www.homelessnessimpact.org/</a><br><br>
LinkedIn:
<a href="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/</a><br>
<br>
Twitter:
<a href="http://tracking.vuelio.co.uk/tracking/click?d=o6_uReo7GRA3cPndyT4s0HohDd8L3EmNFZqC2g-iHU19Ig9LrElOtYzls0xGwFwkxNWfjTud-i2my5QMMU-SB1LwEFtcK4ze3fZjZX59KKu-VzayuMEJA1T9KZlkpP3GgmOcVyzDxopZWKWmQW8SmGY1">
https://twitter.com/homelessimpact</a><br><br>
<br><br>
Website:
<a href="http://tracking.vuelio.co.uk/tracking/click?d=3PQJ0gEn9SomaPEhJLYFql0raIE35IDzhAeQK-VCLsHtIhH2s-jeuerb1gFQuOpc8yiturA7HwDL3pNtZBdvps97R3Jm_PhGwwwHtgis7V9Z2vlVQq9L4T0KyootwkfvxYE8ZwyoF2XLQmRSnVlSEzE1">
https://www.homelessnessimpact.org/</a><br><br>
LinkedIn:
<a href="http://tracking.vuelio.co.uk/tracking/click?d=MtsCQaNFFMbnYRX7NKOrdWRei_tKHPl-xblDIsrpWBJlQS_FZXKdiuXkdkKsM_zrLf5P8clm-DwVTFz6Xoo3gJLJqB5lwNoLEeOY3m8AunqV96S4HQtQ3EgDZ8qBerq1OnZWRi0pwJ-N3MDeqMw1MXQNYYOCJsbii6W6hOLOX60IUzxSzvHMUGB6YRaYfKWC9A2">
https://www.linkedin.com/company/centre-for-homelessness-impact/</a><br>
<br>
Twitter:
<a href="http://tracking.vuelio.co.uk/tracking/click?d=o6_uReo7GRA3cPndyT4s0HohDd8L3EmNFZqC2g-iHU19Ig9LrElOtYzls0xGwFwk8iCSwBX2b79nSifLpF2cI4S5hH5xJIkOfOJNJyorwnLZjSxCVjYJyJxFyqE_WS7L5kUn3ZCoBly7_0DczNXF8m81">
https://twitter.com/homelessimpact</a><br>
<br><br>
Chartered Institute of Housing (CIH), Octavia House Westwood Way,
Coventry, West Midlands, CV4 8JP, United Kingdom<br>
<img src="cid:7.0.1.0.1.20211020005320.04e6c310@cultureshop.org.uk.0" width=1 height=1 alt="[]">
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