Wednesday, 12 August 2015

London Will Lose Half a Million Social Homes under Tories

More than half a million affordable homes in London could be removed from the capital’s housing stock by the government’s housing policies, London mayoral hopeful Sadiq Khan has said, adding that the city faces a “housing catastrophe”. Research by Khan’s office suggests that 573,753 social homes in London could be eligible to be sold off under government plans to extend the right to buy to housing association tenants and to force local authorities to sell off their most valuable council homes to fund replacements. The government’s housing bill is expected to offer discounts worth up to £102,700 in London and £77,000 in the rest of England to people renting from housing associations who want to buy their homes. Read more on the Guardian website.

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