NOTTINGHAM City Council is looking for new ways to fund a revamp of housing in The Meadows. The city estate was due for a £200m facelift under the council's Meadows Neighbourhood Plan, which would have led to 1,900 homes being refurbished or rebuilt. But the Government pulled the plug on the Private Finance Initiative funding for the scheme in November last year. Nottingham City Council says it is now trying to find alternative sources of cash for the scheme and has held talks with housing minister Grant Shapps. Gill Callingham, the city council's regeneration manager, said one of the options they are looking at was an "affordable rent" scheme, with tenants paying more money in rent. Council house rents are currently about 50% of the amount charged in privately-rented homes. An affordable rent scheme would see council house tenants paying around 80% of the rent they would pay in the private sector. Read more on the Nottingham Evening Post website.
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