Affordable Rents At 80% of Market Rates - No Silver Bullet

Affordable rents at 80% of market levels are not a silver bullet and will not alone ensure the Government’s plans for 150,000 new affordable homes are delivered, according to a new report from PricewaterhouseCoopers (PwC) and L&Q. The report, ‘Hard times, more choices’, suggests that producing 150,000 new affordable homes in four years with current public expenditure constraints and in a slowly recovering economy presents daunting challenges. It argues that higher affordable rents are part of a broader overall funding package needed to deliver the Government’s housing plans. Read more on 24dash.