Issue details

The Rental Exchange Project

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: Place and Regeneration

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

Decisions

Agenda items

Documents

  • The Rental Exchange Project