Reply To: Housing Element -Using new LHA rates post April 2024

#286622
Peter Barker
Keymaster

In some cases, you get a more accurate result by starting with the monthly LHA and converting it to weekly by the x12/365×7 method (especially the shared accommodation rate by the looks of it – I’ve only sampled a few though).

In some cases, the 30th percentile rent in the sample will be monthly, so it is converted to a weekly LHA; and in some cases it will be the other way round. Perhaps it’s more common for a room in a shared house to be advertised pcm and s/c accommodation weekly?