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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.
The rules for calculating allowed bedrooms are the same as for Local Housing Allowance introduced by the Labour government in 2008 for benefit claimants in private sector tenancies, except for the rules involving disability or the armed forces. [citation needed] One bedroom is allowed for each of the following: An adult couple
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 ...
Top economist who predicted 2008 housing crash says the commercial real estate bubble is about to burst. Sydney Lake. November 20, 2023 at 1:50 PM ... “Reminder that real estate is local ...
Top economist who called the 2008 housing crash pours cold water on soft landing, pointing to rate hikes and a softening labor market. Paolo Confino. March 5, 2024 at 2:26 PM.
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 ...
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.
A Local Housing Allowance (LHA) policy restricting Housing Benefit for private sector tenants to cover a maximum number of rooms had been in place since 2008 and was initially set at the 50th percentile of rents in an area (essentially it covered the median rent), while in 2011 the calculation was changed to the equivalent of the 30th ...