Senedd passes law to make all new homes in Wales affordable

New law will ensure that all new homes built in Wales will be affordable to people on low and middle incomes

The Renting Homes (Wales) Act will come into force in 2023 and will apply to all new homes built in Wales, including those built by private developers

The Welsh Government has passed a law that will make all new homes built in Wales affordable to people on low and middle incomes.

The Renting Homes (Wales) Act will come into force in 2023 and will apply to all new homes built in Wales, including those built by private developers.

The Act will require all new homes to be built to a minimum space standard and to be energy efficient.

It will also give tenants more rights, including the right to a written tenancy agreement and the right to challenge unfair rent increases.

The Welsh Government says that the Act will help to create a fairer housing system in Wales and will make it easier for people on low and middle incomes to afford a decent home.

Key features of the Renting Homes (Wales) Act

• All new homes built in Wales will be affordable to people on low and middle incomes.
• The Act will apply to all new homes built in Wales, including those built by private developers.
• The Act will require all new homes to be built to a minimum space standard and to be energy efficient.
• The Act will give tenants more rights, including the right to a written tenancy agreement and the right to challenge unfair rent increases.

Benefits of the Renting Homes (Wales) Act

• The Act will help to create a fairer housing system in Wales.
• The Act will make it easier for people on low and middle incomes to afford a decent home.

Challenges of the Renting Homes (Wales) Act

• The Act may lead to an increase in the cost of building new homes.
• The Act may discourage private developers from building new homes in Wales.

Conclusion

The Renting Homes (Wales) Act is a significant piece of legislation that will have a major impact on the housing market in Wales.

The Act will make it easier for people on low and middle incomes to afford a decent home.

However, there are some challenges that need to be addressed, such as the potential impact on the cost of building new homes.