I don't have a strong opinion on this matter because I lack the necessary knowledge to make a proper assessment. However, I can identify a few points to consider:

Renters would have more control over how they spend their money on housing-related expenses. This approach could also be considered more efficient as it reduces administrative costs. There is a risk that renters might spend the allowance on non-housing-related expenses. Additionally, the allowance may not be sufficient to cover expenses in areas with a high cost of living.

It will be interesting to see how it unfolds and what kind of assistance they ultimately decide on.