An initiative known as the Rental Exchange has
been developed by Big Issue Invest (the social investment arm of
the well known Big Issue Group), in association with the credit
referencing agency Experian. The initiative involves Registered
Social Landlords providing tenant rental payment records to
Experian on a monthly basis so that tenants are recognised for
paying rent on time, similar to how homeowners are recognised for
paying their mortgage each month.
Stockport Homes has been approached by Experian to join the Rental
Exchange. This report provides some background to the project and
details the results of some initial ‘proof of concept’
analysis carried out by Experian to demonstrate how Council tenants
would benefit if we were to start sharing their rent payment data
on a regular basis. The report seeks approval from the Council
Executive to participate in the project.
Decision type: Key
Reason Key: Affects 2 or more wards;
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 13/02/2015
Decision due: 21 Apr 2015 by Executive
Lead member: Executive Councillor (Economic Development & Regeneration)
Lead director: Corporate Director (Place) and Deputy Chief Executive
Department: Services to Place
Contact: Andy Kippax, Services to Place Email: andy.kippax@stockport.gov.uk Tel: 0161 474 4319.
Consultation process
Stockport Homes
Board
Housing Strategy Board
Adult Social Care
& Housing Scrutiny Committee
Executive Councillor (Economic Development & Regeneration)
Forward Plan Reference: EDR36
Equality and/or Environmental Impact Assessment: N/A
Relevant Scrutiny Committee for the purpose of call-in: Adults Social Care & Housing