Amending rental cap and impact on Andium business model
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WQ.96/2026
WRITTEN QUESTION TO THE MINISTER FOR HOUSING BY DEPUTY M.B. ANDREWS OF ST HELIER NORTH QUESTION SUBMITTED ON TUESDAY 7th APRIL 2026 ANSWER TO BE TABLED ON TUESDAY 14th APRIL 2026
Question
"Will the Minister advise what considerations, if any, have been given to amending the rental cap of 80% of the market rate and, if considerations have been given, what is the expected impact on the Andium Homes business model?"
Answer
The Review of social housing rents, which I published in January 2026, gave detailed consideration to the current social housing rents policy, under which rents are capped at up to 80% of market value, and to its implications for tenant affordability, fairness and equity, the financial viability of social housing providers and the sustainability of public finances.
The review also assessed options for a revised approach, including raising or lowering the existing cap to a different percentage of market value, or moving away from a market-based approach altogether. A clear and robust set of evaluation criteria was applied to assess the potential strengths, limitations and risks associated with each option.
The review did not recommend an immediate change to the rental model. However, it clearly identified that any amendment to the 80% cap would have material implications for the business models of Andium Homes and the housing trusts, particularly in relation to rental income, borrowing capacity, long-term investment in social housing and overall financial resilience.
In publishing the review, I emphasised that it provides a strong evidence base to inform the next States Assembly's consideration of alternative rental models, should this be deemed necessary. In the meantime, I am progressing a number of short-term actions to improve the operation and effectiveness of the current social housing rents policy.