The increase will see the average weekly rent for tenants rise from £69.49 to £74.35
In a statement on Tuesday, the Department said the move was in response to the Housing Executive’s annual request for a rent increase.
Rent pays for the housing services provided by the Housing Executive. This below-inflation increase will provide funding for essential maintenance, improvements and investment while also keeping the rent affordable for tenants. "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.
Grainia Long, Chief Executive, said; “We are acutely aware of the financial pressures being faced by our tenants. Working alongside the Department for Communities, we wanted to ensure that the impact on tenants’ affordability was kept to a minimum, while at the same time making sure that we can continue to invest in our homes and provide tenant services.
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