Yesterday saw the release of the draft report of IPART’s Review of Social and Affordable Housing Rent Models. The headline recommendation is that social housing rent should stay linked to income at 25% in order to remain affordable. While NCOSS welcomes this recommendation, we consider that moves to include currently exempt payments such as Family Tax Benefit A and B and the Pension Supplement in the income calculation could impact negatively on existing tenants—even with the proposed cap of $10 a week for the transition period.
IPART has also recommended that the NSW Government provide an annual subsidy to fund the gap between tenant rent and other subsidies and the cost of providing social housing. The subsidy would be calculated as the difference between market rent for the whole system and the total tenant rent (including Commonwealth Rent Assistance). Based on last year’s figures, this amount would have been approximately $950 million in 2015-2016 and would rise according to market forces.
Submissions responding to the Draft Report are due on 12 May 2017 and public hearings are being held in Dubbo on 2 May 2017 and in Sydney on 9 May. IPART’s website has more information about the Review including how to register for the hearings, a captioned video and FAQs for tenants and the Draft Report in full.
NCOSS will be developing a submission. If you would like to provide feedback to inform our submission, please contact Carolyn Hodge on 02 89607910 or email@example.com.