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Policy Development & Evaluation 2 - Essay Example

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The income for houses is mainly is mainly from rents, it is therefore important to ensure that standard procedures are in place to reduce the length of time…
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Policy Development & Evaluation 2
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Download file to see previous pages m in minimizing rent loss through reducing length of the void period and void repair costs; set in place systems to monitor the standards of void properties and resident satisfaction with their new homes. The strategy will ensure that the residents are aware of their repair responsibilities and end of tenancy obligations. The strategy will be used in conjunction with the most recent housing needs survey and allocations policy to ensure that the property is well used and in such a way that meets local demand in a fair and equitable way. The aims of this strategy will be achieved by collaborating with the residents.
Rental housing is the main shelter for low-income and middle-income earners. This is due to the fact that buying a home or a house is very expensive and beyond the reach of such people in the society. This therefore makes such people to live in affordable rental houses which they can pay at the end of the month or the period agreed between the resident/tenant and the owner of the property which is the house. Here are a number of factors which contribute to tenants or residents leaving the building and moving to another building to seek shelter. This leads to the property being empty and therefore losses are incurred due to lack of rental income. The recent economic downturn in the past few years has shown that many people are moving from home ownership to renting houses. This has been as a result of several factors such as: low income, increased rate of unemployment, inflation and hard economic times. A good example is the American economic situation which resulted in horrific consequences for the mortgage industry. According to Rebecca Cohen, Keith Wardrip, and Laura Williams in their article, Rental Housing Affordability – A Review of Current Research, the drastic increase in renters in American society has resulted in 21.3 million more renters between the years of 2004 to 2007. This has led to the need for sufficient rental properties. Minimizing ...Download file to see next pagesRead More
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