In accordance with the Housing (Scotland) Act 2001, the Association is obliged to consult residents about forthcoming rent increase proposals.
In February 2009, the Tenant Participation Advisory Service (TPAS) will consult with tenants on suggested rents for the forthcoming financial year. Traditionally, the Association has increased the rents by rate of inflation plus 1%. Tenants have always commented that as long as the service remains the same they are happy for rent increases to continue.
The Association will commission Management Information Scotland Limited to carry out an Income Survey in November 2008, to ensure that our correct rents are affordable to our tenants. Previous Income Surveys showed that the fortunes of Renton residents are on the up and up. Not only have Cordale Housing Association tenants enjoyed and benefited from a transformation in their surroundings - but their wage packets have also steadily increased.
Last year's survey showed the average income of a tenant has soared to £369 - up £80 on the previous year’s figures. The information was revealed in a survey of non housing benefit tenants by researchers from Management Information (Scotland) Ltd. The census is conducted in Renton on an annual basis and this year even fewer people failed the rent measure test, i.e could afford to pay their rent without resorting to housing benefit.
The Income Survey carried out in November 2007 showed all Cordale homes have efficient gas central heating and 97 per cent of tenants passed the fuel poverty test. Only two tenants failed as they were paying more than 10 per cent of their income on heating costs.
To see how the Association sets rents, please click on the undernoted link for a copy of our Rent Policy.