Affordability principles
In summary
In 2020, we worked with our members and partners to develop a set of affordability principles to guide approaches to rent setting. All housing associations in Wales have adopted these affordability principles, which inform their approach to rent setting each year.
Full summary
Affordable: We will consider the total costs of renting homes and incomes to understand what is affordable for our tenants, and ensure that tenants have the greatest opportunity to sustain their tenancies and thrive.
Sustainable: We will set rents that allow us to continue to provide high quality, safe, warm homes for the people who need them in the communities we serve.
Engage: We will involve tenants to develop and review our approach to rent setting, and inform our decisions on rents.
Fair: We will work to ensure that rents and other charges are set fairly and our homes and services represent value for money.
Accountable: We will be open, transparent and accountable when we make decisions on rents.
Who to speak to...
Rhea Stevens
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