Wednesday, 12 August 2015

The Housing Association That Will No Longer Build Homes for the Poor

One of the largest housing associations in the UK has announced it would no longer build social housing. Instead, its chief executive said, it will only build homes for sale, for rent at full market rates or for shared ownership. Furthermore, Genesis housing association, which owns and manages about 33,000 homes around London and the south-east, will consider selling or raising the rents on its existing social homes once they become vacant. The organisation claims that government policies have forced its hand, particularly in light of the recent budget. This is strange when you consider that Genesis has funded much of the research that has influenced this government’s housing policy. To blame the government after you have sponsored thinktanks to successfully influence it is no excuse. In reality, it is part of a deliberate, profit-driven strategy that Genesis and other large housing associations have been following for some time. Read more on the Welfare Weekly website.

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