The Housing (Miscellaneous Provisions) Act 2024 amended Part 3 of the Affordable Housing Act 2024 in order to allow for the option of allocation plans for cost rental homes, which would allow landlords to propose targeted approaches for the allocation of homes, subject to my approval.
The legislation also provided for the Minister to prescribe income levels for different compositions of household for cost rental tenancies, which will allow for the introduction of individual income eligibility requirements for persons in shared households. This will reflect the variety of household formations which now exist and aims to increase access to cost rental by allowing people to share a home with, for example, friends or colleagues within a multi-occupancy setting.
My Department is now preparing secondary legislation to implement these provisions, which will be completed shortly. Allocation plans and multi-occupancy will allow for more specific targeting of cost rental homes, and for tenanting options which increase the accessibility of cost rental for a wide range of applicants, ensuring the sector continues to support those who need secure and affordable housing.