Local Housing Allowance: Greater London
(asked on 1st March 2017) - View Source
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, for what reasons there is no planned increase in the local housing allowance rate for any property size in the Outer North East London Broad Rental Market Area under the Targeted Affordability Funding concession in 2017-18.
The level of Targeted Affordability Funding for 2017/18 was set by Treasury. The allocation of this fixed funding pot has been based on ranking all 960 LHA rates in Great Britain according to the share of the private rental market they can afford in each area according to the latest available rent officer data, with a 3% increase applied to the 48 uncapped LHA rates below the 5th percentile of market rents. All five LHA rates for the Outer North East London Broad Rental Market Area were assessed as above the 5th percentile of market rents and therefore did not qualify for a Targeted Affordability Funding increase in 2017/18.