How every £100 of rent is spent
Overall, we spent £3,999 per home (cost per unit) compared to £3,573 per home last year (2021/22)
£57 Providing safe, well maintained, sustainable and affordable homes
The money we spend on repairs and improvements to your homes, and building new affordable homes for future generations.
£33 Delivering customer focused, equitable and efficient services
The money we spend on delivering services in your homes and communities.
£9 Loan interest
We borrow money to invest in your homes and build new ones. Some of the rent we receive goes to pay back the interest on money borrowed for current and future investment in homes.
£1 Unpaid rent and service charges
We set money aside to cover any unpaid rent or service charges. We collected 98.6% of rent due (£80.7 million out of £81.8 million).
