Northern Ireland Housing Executive rents are set to increase by 7% later this year.

The new prices will be implemented by the Department for Communities from 04 April 2023 as a response to the Housing Executive's annual request for a rent increase.

This below-inflation increase will provide funding for essential maintenance, improvements and investment while also keeping the rent affordable for tenants.

Tenant affordability was the Department's key consideration. Approximately 78% of Housing Executive tenants are currently in receipt of housing assistance. These tenants will be protected from the impact of the rent increase.

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For the other 22% of tenants (with no entitlement or a minimal entitlement to assistance with housing costs), the impact of the increase was modelled across a range of household scenarios all of which demonstrated its affordability.

The Housing Executive is offering support to tenants through its Financial Inclusion Team which helps tenants by providing advice on benefits, budgeting and signposting to a range of sources of financial support.

Housing Executive rent levels are considered every year by taking into account a wide range of factors, including: inflation; projected running costs; spending requirements and affordability.