Magazine article Public Finance

NI Social Landlord Rent Arrears Increase

Magazine article Public Finance

NI Social Landlord Rent Arrears Increase

Article excerpt

Gross rent arrears with Northern Ireland sodai landlords rose by 154% in five years, according to a report by the Nl Audit Office.

The NIAO report looked Into the finances of the Nl Housing Executive, a social landlord that funds other housing associations In Northern Ireland. Although the executive cut Its own gross arrears by £3.3m between 2001/02 and 2006/07, ft had to write off mora than three times that amount in arrears to do this.

The NIAO found that the Housing Executive had only one performance target on arrears collection - that tts year-end gross arrears should not exceed the previous year's balance. It achieved this by high levels of debt write-offs.

Arrears collection by the Housing Executive declined both in absolute terms and In comparison with English social landlords. …

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