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Chamber and committees

Question ref. S6W-03711
Asked by: Mark Griffin, Central Scotland, Scottish Labour
Date lodged: 13 October 2021 Registered interest

Question

To ask the Scottish Government what information it has on the (a) number of units to which the rent applied and (b) average forecast yield above the benchmark for each registered social landlord that has applied to raise rents by over (i) 5% and (ii) 10% in each of the last five years.

Current status: Answered by Shona Robison on 5 November 2021


Answer

Rents for social rented homes should not be set without regard to the importance of affordability for tenants. The Scottish Government therefore considers the proposed rents for Registered Social Landlord social rented homes at the point of first let as part of the Affordable Housing Supply Programme grant assessment process.

Applications from Registered Social Landlords for grant funding to deliver projects through the Affordable Housing Supply Programme at tender stage contain information on any projected rent levels at the date of completion which are more than 5% above the relevant social rent benchmark published by the Scottish Government.

Information on the number of units which were approved at tender stage which contained Registered Social Landlord projected rent levels at the point of completion which exceeded the relevant social rent benchmark by more than 5% began to be collected in 2018-19.

The following table shows the number of units approved at tender stage – by Registered Social Landlord – where the projected rent levels at the date of completion were more than 5% and up to 10% above, and more than 10% above, the relevant social rent benchmark. The table also shows – by Registered Social Landlord – the average forecast yield above benchmark (calculated as the weighted average of the rent as a percentage above benchmark) where the projected rent levels at the date of completion were more than 5% and up to 10% above, and more than 10% above, the relevant social rent benchmark.

 

Projected rent levels more than 5% and up to 10% above benchmark

Projected rent levels more than 10% above benchmark

 

Number of units approved at tender stage

Average forecast yield above benchmark

Number of units approved at tender stage

Average forecast yield above benchmark

2018-19

    

Angus Housing Association

5

7.52%

-

-

Cassiltoun Housing Association

-

-

20

11.01%

Castle Rock Edinvar Housing Association

10

7.00%

27

12.80%

Cunninghame Housing Association

59

6.98%

-

-

Dunedin Canmore Housing Association

28

5.34%

48

14.31%

East Lothian Housing Association

14

9.00%

8

10.53%

Eildon Housing Association

4

7.25%

2

10.33%

Elderpark Housing Association

16

7.16%

-

-

Fyne Homes

-

-

12

15.42%

Glasgow West Housing Association

29

9.73%

32

14.06%

Hillcrest Housing Association

2

8.59%

-

-

Home Group

8

7.24%

-

-

Kingdom Housing Association

10

6.05%

-

-

Waverley Housing

1

5.82%

-

-

West Highland Housing Association

2

6.25%

-

-

West Lothian Housing Partnership

44

9.36%

-

-

West of Scotland Housing Association

15

5.71%

-

-

2019-20

    

Albyn Housing Association

1

5.77%

10

15.42%

Almond Housing Association

5

9.06%

1

13.21%

Castle Rock Edinvar Housing Association

8

5.64%

15

12.71%

Cunninghame Housing Association

36

8.52%

-

-

Dunedin Canmore Housing Association

26

9.25%

23

16.44%

East Lothian Housing Association

-

-

2

12.76%

Eildon Housing Association

9

5.72%

-

-

Fyne Homes

2

8.85%

4

10.22%

Hillcrest Housing Association

14

6.02%

11

13.36%

Home Group

2

6.12%

22

16.20%

Kingdom Housing Association

1

5.31%

-

-

Partick Housing Association

15

8.72%

-

-

Port of Leith Housing Association

1

9.16%

41

16.00%

West Highland Housing Association

2

6.54%

-

-

2020-21

    

Bield Housing Association

-

-

30

16.27%

Castle Rock Edinvar Housing Association

4

7.72%

16

15.85%

Clyde Valley Housing Association

17

7.69%

-

-

Cunninghame Housing Association

56

8.18%

-

-

Dumfries & Galloway Housing Partnership

1

9.30%

1

17.38%

Dunedin Canmore Housing Association

21

6.81%

101

14.79%

Grampian Housing Association

63

6.83%

14

13.89%

Hillcrest Housing Association

1

5.54%

185

18.94%

Home Group

-

-

69

19.54%

Kingdom Housing Association

2

6.65%

-

-

Loreburn Housing Association

13

6.67%

2

12.45%

West Lothian Housing Partnership

4

6.45%

-

-