Move into private rented sector ‘a natural step’ for ALMOs
Two thirds of housing ALMOs plan to be working in the private rented sector by the end of the year, according to a report published today.
The National Federation of ALMOs ‘Right Time Right Place’ report says the move into market rent homes is a “natural step” for the sector and can help to drive up standards and address local housing need.
The private rented sector has grown in recent years, to a point where it is now larger than the social rented sector. This trend is set to continue over the next five years, with a predicated increase of at least one million more households.
According to the NFA report, around half of ALMOs currently work in the private rented sector, supplying services such as housing and tenancy management, repairs, gas servicing and community alarms and lifeline services.
It is anticipated that this number is expected to increase significantly throughout 2014, with more ALMOs developing services, and ambitious programmes such as deposit and licensing schemes and landlord accreditation.
Despite the growth of the sector, regulation has not kept pace and despite private rents being on average twice those of social housing, a third of privately rented homes are of poor quality with low levels of low energy efficiency.
Chloe Fletcher, NFA Policy Director, said: “ALMOs already have well established tried and tested relationships with their local authorities to deliver core housing services, so widening scope to include the private rented sector is a natural step.
“Standards in the private rented sector are highly variable and this is an issue that impacts on everyone in a community regardless of who owns or manages each property. This report highlights existing ALMO practice, and provides a wide range of examples from across the country.”
‘Right Time Right Place’ is being launched at a one day best practice event in London today. For a full copy of the report, please visit the NFA website at www.almos.org.uk
Article courtesy of 24dash