Housing Finance - Hear from our Finance Policy Advisory Group
We recently asked members of our finance policy advisory group (FPAG) about their biggest challenges in the sector today and what they are planning on prioritising for the next 18-24 months, and here is what they had to say.
We recently asked members of our finance policy advisory group (FPAG) about their biggest challenges in the sector today and what they are planning on prioritising for the next 18-24 months, and here is what they had to say.
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Phil Elvy, Executive Director of <strong>Finance</strong>, Great Places <strong>Housing</strong> <strong>Group</strong><br />
1.What do you consider to be the biggest challenge in the sector today?<br />
Meeting increasing customer expectations. These expectations are often set by next day delivery<br />
type services (Amazon etc). That is a real challenge for RPs who provide failure demand-led services<br />
like repairs.<br />
Costs and complexity of delivering building safety – where the supply chain is shallow and everyone<br />
is under the same deadline pressure, which is bound to drive up costs.<br />
Affordability the April 2024 rent increase, following the 7% increase in April 2023 means <strong>our</strong> average<br />
rents will have moved <strong>from</strong> comfortably below £100 per week to well over £100 per week in a<br />
relatively short period, which feels like a major milestone.<br />
#NHF<strong>Finance</strong><br />
finance.housing.org.uk
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