Future Funding of Supported Housing
The Policy Statement and Consultation demonstrates commitment to ensure that a new flexible funding regime is developed for the diverse sector of supported housing. In particular, it is committed to ensuring that providers are able to develop future provision for vulnerable people.
It splits the supported housing sector into three strands with one of these specifically for sheltered and extra care housing.
A ‘sheltered rent’ will be introduced from April 2020, a type of rent which acknowledges the vital role which these homes play in supporting older people and recognises the higher costs compared to general needs housing. There will also be an increased emphasis on value for money, outcomes, oversight and ensuring relevant supply at a local level.
Bruce Moore, Chief Executive, Housing & Care 21 said: “This announcement is great news and shows that the Government has listened to the views and concerns of the sector. We remain committed to working with the Government to develop a model which provides certainty and security not only for our investors and residents, but for the sector as a whole”
A consultation period of 12 weeks will also seek to agree an exact definition of sheltered and extra care for the purpose of the new funding model.