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Rent Increase 2022/23

On 25th January 2022, in line with the Management Board of Drumchapel Housing Co-operative’s commitment to keeping rent and service charge increases to a minimum, and after reviewing the results of the rent consultation with tenants, a rent and service charge increase of 2.1% was approved by the Management Board from 1st April 2022. 
The Co-operative faces challenging times financially with inflation at a record high which means that the costs of maintaining and improving your homes and the estate has risen considerably. We are also acutely aware of the impact of rising cost of living costs on you, our tenants, and in particular the impact of the energy cost increases. Taking everything into consideration whilst ensuring the long-term financial viability of the Co-operative, the Management Board took the decision to approve a rent and service charge increase of 2.1% which is half of October’s CPI (4.2%). The Co-operative will therefore need to make up any shortfall between income and costs from its reserves. However, we will not be able to continue to do this in forthcoming years and although the Management Board are committed to making rents affordable it is likely that future rent increases will be in line with October CPI going forward. 
If you are having difficulties paying your rent, please contact your Housing Officer at the office as soon as possible.  Our experienced staff can provide advice and assistance and set up a suitable payment arrangement.  We also continue to provide a Welfare Rights Service via the Citizens Advice Bureau should you require any assistance in maximising your income, claiming benefits or require advice and assistance with managing debt.

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