Local Housing Allowance set to rise in April 24
Around 1.6 million private renters are set to receive a substantial boost to their housing support in April, as the Government lays legislation to increase Local Housing Allowance (LHA).
· New Local Housing Allowance rates to come into force in April 2024 as legislation being laid in parliament.
· £7 billion investment over the next five years means 1.6 million private renters on Universal Credit or Housing Benefit will be around £800 better off a year.
· Comes as national insurance cut comes into effect – meaning households with two average earners will save nearly £1,000 per year.
The boost will benefit some of the poorest families on either Universal Credit or Housing Benefit who will gain around £800 a year on average.
Click here to read more on the .gov.uk website:
DASH and the NRLA covered this very topic in our bi monthly online landlord information session – the next one is on 28th March at 10.30am – to register email dash@derby.gov.uk