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Local Housing Allowance (LHA) was introduced by the government of the United Kingdom on 7 April 2008 to provide Housing Benefit entitlement for tenants renting private-sector accommodation in England, Scotland and Wales. The LHA system introduced significant changes to the way Housing Benefit (HB) levels are restricted and how benefit is paid.
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A major change to the valuation process for housing benefit was the Local Housing Allowance (LHA) a flat rate allowance paid to housing benefit claimants, which was introduced on 7 April 2008 as part of the welfare reform programme. It applies to private sector tenants who make a new claim for housing benefit or those claiming housing benefit ...
Housing Benefit is a means-tested social security benefit in the United Kingdom that is intended to help meet housing costs for rented accommodation.It is the second biggest item in the Department for Work and Pensions' budget after the state pension, totalling £23.8 billion in 2013–14.
The bedroom tax is a United Kingdom welfare policy whereby tenants living in public housing (also called council or social housing) with rooms deemed "spare" experience a reduction in Housing Benefit, resulting in them being obliged to fund this reduction from their incomes, move home, or face rent arrears and potential eviction by their landlord (be that the local authority or a housing ...
Shepherdson, the founder and chief U.S. economist of Pantheon Macroeconomics, predicted the eventual housing crash of 2008 in 2005. He recently suggested that the price-income gap, coupled with ...
An overseas housing allowance (OHA) is a United States military entitlement given to military servicemen and women living overseas. It is administered by Defense Travel Management Office (DTMO) and is the overseas equivalent of the Basic Allowance for Housing. OHA is intended to private lease local housing instead of living in government or on ...
The Housing and Economic Recovery Act of 2008 in the United States included six separate major acts designed to restore confidence in the domestic mortgage industry. [6] The Act included: Providing insurance for $300 billion in mortgages estimated to assist 400,000 homeowners.