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Early Impacts of Welfare Reform on rental income and arrears

Early Impacts of Welfare Reform on rental income and arrears. Kirstie Corbett 17 Feb 2014. Methods and Measures. Quarterly online survey All Scottish Registered Social Landlords (RSLs) and local authority landlords Rental income for financial year 2013-14

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Early Impacts of Welfare Reform on rental income and arrears

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  1. Early Impacts of Welfare Reform on rental income and arrears Kirstie Corbett 17 Feb 2014

  2. Methods and Measures • Quarterly online survey • All Scottish Registered Social Landlords (RSLs) and local authority landlords • Rental income for financial year 2013-14 • Arrears as a percentage of rental income • Challenges • Actions • Seasonal variations (March, June & Sept) • Changes over time (2011, 2012 & 2013)

  3. Arrears – all landlords at September

  4. Arrears – seasonal pattern for RSLs

  5. Landlords’ estimates of impact

  6. Cash value of impact Total cash value of direct arrears = £4.86 million (for 113 landlords)

  7. Over 80%of landlords have reviewed their budgets or revised their business plans Over 60% of landlords have appointed new staff specifically to deal with Welfare Reform issues All landlords are focusing on actions to advise and support tenants Over 90% of landlords are working to identify and engage directly with vulnerable tenants

  8. Existing financial constraints Pressure on staffing, IT systems and resources Increasing Arrears Concerns over rental income and financial health

  9. Key Findings

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