Manx public sector housing rents to rise by 10% in 2012
Public sector rents on The Isle of Man are to rise by 10% from April 2012, the island's Department of Social Care has announced.
The decision was taken to address rising costs due to a shortfall of rental income against housing costs, which stands at £7m this year.
The government has invested £250m in the housing stock over the last decade.
A spokesperson said a typical three-bedroomed house paying £70 per week would see a rise of about £7 per week.
The average rise for sheltered housing will be £2.40 per week.
Chris Robertshaw, Minister for Social Care, said: "Public sector housing is a vital part of the island's housing stock, helping to provide thousands of families, older people and others in our community with affordable, high-quality homes. It is vital that this remains the case.
"All of the evidence shows we must act now to ensure current and future generations can access the affordable housing they need at a cost to tenants and taxpayers that is both affordable and sustainable."