The Government should create a set of standards for ‘Budget Accounts’ (jam jars) – which safeguard rental income for housing associations – allowing financial providers to deliver them for tenants in return for initial subsidies.
That’s the conclusion of an in-depth report, commissioned by the National Housing Federation (NHF), into the banking products needed by social housing tenants for Universal Credit.
Given the new need for tenants to receive and pay out larg...
