Tenants in social housing will have rent increases capped from 2019.
The new system would see rent increase annually by at least 2.5% and no more than 4%.
Social housing rents increase annually by RPI+0.75%. That will stay, but the level of RPI will be restricted to between 1.75% and 3.25%.
It follows the decision by Andium to hold off its increase this month because the Retail Price Index – which social housing rent is currently based on – rose more than expected.
If it had gone ahead, tenants would have faced an increase of 5.25%.
“I am pleased that, with the agreement of Andium Homes and the Treasury Minister, we have been able to introduce a cap on the level at which rents can be raised.
It was clear that with inflation at a higher rate than was expected this year, that the old system would not be fair for tenants who would have seen a 5.25% rise in rents.
“In line with the government’s strategic priorities, work will continue next year with a new Housing Policy Development Board to examine further work we can undertake to review our rent policies.” – Senator Sam Mezec, Housing Minister.
The date for rent adjustments has now been moved to the 1st of January, rather than 1st of October.
4.7% increase in Jersey old age pension
'No final decision' on planned Apple Crusher relocation
DFDS Christmas timetable signed off... but still not published
Opening of 'transformed' Departure Lounge weeks away
Should the King Street apple crusher be relocated?
Jersey Bulls restore away match livestream
Jersey population stable but ageing as migration falls
Ministers meet to discuss Channel Islands connectivity
