Report on the work of the 2021 Affordable Housing Investment Benchmarks Working Group
Report on the work of the 2021 Affordable Housing Investment Benchmarks Working Group.
Workings – baseline benchmark assumptions
| RSL social rent |
West Highland, Island authorities, and remote/ rural Argyll |
Other rural |
City and urban |
| Current |
82,000 |
72,000 |
70,000 |
| Adjust geographies |
5,000 |
3,000 |
0 |
| Sub-total |
87,000 |
75,000 |
70,000 |
| Inflation at 3% |
2,610 |
2,250 |
2,100 |
| Uplift to reflect additional specifications and costs stemming from the 2015 building regulations |
5,900 |
5,900 |
5,900 |
| Total |
95,510 |
83,150 |
78,000 |
| Proposed benchmark* |
95,500 |
83,000 |
78,000 |
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| Council social rent |
West Highland, Island authorities, and remote/ rural Argyll |
Other rural |
City and urban |
| Current |
57,000 |
57,000 |
57,000 |
| Reduce differential to current RSL social rent |
12,500 |
7,500 |
6,500 |
| Mirror geographies’ differential above |
5,000 |
3,000 |
0 |
| Sub-total |
74,500 |
67,500 |
63,500 |
| Inflation at 3% |
2,235 |
2,025 |
1,905 |
| Uplift to reflect additional specifications and costs stemming from the 2015 building regulations |
5,900 |
5,900 |
5,900 |
| Total |
82,635 |
75,425 |
71,305 |
| Proposed benchmark* |
83,000 |
75,500 |
71,500 |
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| RSL mid-market rent |
West Highland, Island authorities, and remote/ rural Argyll |
Other rural |
City and urban |
| Current |
44,000 |
44,000 |
44,000 |
| Geographic uplift |
5,000 |
3,000 |
0 |
| Uplift to reflect evidence |
2,000 |
2,000 |
2,000 |
| Sub-total |
51,000 |
49,000 |
46,000 |
| Inflation at 3% |
1,530 |
1,470 |
1,380 |
| Uplift to reflect additional specifications and costs stemming from the 2015 building regulations |
5,900 |
5,900 |
5,900 |
| Total |
58,430 |
56,370 |
53,280 |
| Proposed benchmark* |
58,500 |
56,500 |
53,500 |
| Council mid-market rent |
West Highland, Island authorities, and remote/ rural Argyll |
Other rural |
City and urban |
| % of new RSL social rent benchmarks |
c. 90% |
91% |
c. 91% |
| Total |
52,587 |
51,297 |
48,485 |
| Proposed benchmark* |
53,000 |
51,500 |
49,000 |
* Figures rounded