Proposed rent increase options for 2023/24.

Proposed rent increase options for 2023/24.
In order to inform our discussions with the Scottish Government on the future of rent controls on the social housing sector, SFHA is collecting information on proposed rent increase options for 2023/24.

We are working with GWSF and hope to have data from as much of the sector as possible which highlights that RSLs are conscious of rent affordability and intend on applying below inflation rent increases. We believe this information will demonstrate our members are carefully balancing affordable rents with much needed investment in existing stock and the supply of new homes.

Please complete the short survey below by November 7.
Name

First NameLast Name
Email
1. What options of rent increase are you consulting tenants on for 2023/24, or most likely options if you have not yet decided?
2. What is the differential (£) between what you expect your increase will be for 2023/24 and a rent freeze should the government opt to keep the rent cap at 0% beyond the end of March?
3. How much does your organisation spend on tenant support per annum, e.g £40k on welfare benefits advisor plus £30k on tenancy sustainment fund? Please feel free to indicate how these funds are spent.
4. Which forms of tenant consultation will your organisation be using this year? Please select all that apply:

In person tenant meetingsVirtual tenant meetingsPostal lettersEmailsTexts/WhatsAppTelephone callsOnline surveysSocial mediaOther
5. Any further detail or comments

1. If you take no mitigating actions will your organisation:

	Yes	No
Be at risk of financial failure?
Be at risk of breaching any of your funding covenants?

2. If there was a 0% rent rise for a year would your organisation need to take mitigating actions to protect the financial viability of the organisation?

YesNo

3. If the answer to Q2 is yes – please can you outline the areas you may need to consider cost cutting and when using the table below:

	Years 1-2 Yes/No	Years 3-5 Yes/No	Years 5-10 Yes/No	Years 10+ Yes/No
New build development
Capital investment in existing housing stock (inc Net Zero)
Welfare/tenancy support
Reactive maintenance
Compliance
Overhead reduction - e.g employees/offices etc
Investment in digital improvements
Other

5. If you have answered Yes to either 1a or 1b – is there any risk that even after mitigating actions your organisation may remain:

	Yes	No
At risk of financial failure?
At risk of breaching any of your funding covenants?

1. If you take no mitigating actions will your organisation:

	Yes	No
Be at risk of financial failure?
Be at risk of breaching any of your funding covenants?

2. If there was a 3% rent cap for a year would your organisation need to take mitigating actions to protect the financial viability of the organisation?

YesNo

3. If the answer to Q2 is yes – please can you outline the areas you may need to consider cost cutting and when using the table below:

	Years 1-2 Yes/No	Years 3-5 Yes/No	Years 5-10 Yes/No	Years 10+ Yes/No
New build development
Capital investment in existing housing stock (inc Net Zero)
Welfare/tenancy support
Reactive maintenance
Compliance
Overhead reduction - e.g employees/offices etc
Investment in digital improvements
Other

5. If you have answered Yes to either 1a or 1b – is there are risk that even after mitigating actions your organisation may remain:

	Yes	No
At risk of financial failure?
At risk of breaching any of your funding covenants?

1. If you take no mitigating actions will your organisation:

	Yes	No
Be at risk of financial failure?
Be at risk of breaching any of your funding covenants?

2. If there was a 5% rent rise for a year would your organisation need to take mitigating actions to protect the financial viability of the organisation?

YesNo

3. If the answer to Q2 is yes – please can you outline the areas you may need to consider cost cutting and when using the table below:

	Years 1-2 Yes/No	Years 3-5 Yes/No	Years 5-10 Yes/No	Years 10+ Yes/No
New build development
Capital investment in existing housing stock (inc Net Zero)
Welfare/tenancy support
Reactive maintenance
Compliance
Overhead reduction - e.g employees/offices etc
Investment in digital improvements
Other

5. If you have answered Yes to either 1a or 1b – is there are risk that even after mitigating actions your organisation may remain:

	Yes	No
At risk of financial failure?
At risk of breaching any of your funding covenants?