Residents in flats managed by a leading Nottinghamshire housing association are facing "eye-watering" price hikes to continue living there. The tenants include a 93-year-old woman who will have to find an extra £2,500 this year to cover the increase in her rent and service charge bills.
The Nottingham Community Housing Association (NCHA), which manages an estate of 10,000 homes, recently said it was having to scale back its construction of affordable housing because of economic factors including a rent cap. The Government-imposed cap meant NCHA could not increase rent for its tenants by more than 7% this year, with Chief Executive Paul Moat saying that the company's costs were increasing quicker than its income.
But people living in a block of NCHA managed flats in Bottesford, near Bingham, say their rent is in fact going up by 11.1% this year. Coupled with a service charge hike of over 50%, some say the increased costs will "wipe out" any increase in state pension.
