HOUSING bosses are set to reduce the level of a planned rent increase.
A majority of customers agreed to River Clyde Homes' proposals to increase rents for the next five years by RPI (Retail Price Index) + 1.5% at a consultation last year.
For next year, that would have meant a rent increase of 3.8%.
However, the housing association has managed to rearrange its finances in such away that it can maintain all current services and introduce the proposed improvements customers wanted to see.
It means, if customers agree, that the increase will be set at RPI only.
The outcome would be that the rent increase will be reduced from 3.8% to 2.3% from April 2015.
Jim Aird, Director of Business Support, said: "To minimise the rent increase while maintaining current and providing new services for the future is good news. We are always listening to what our customers are saying and are aware that many are still experiencing the effects of the financial downturn."
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