Friday, 28 October 2016

Council Rents Could More Than Double

Tenants in social housing looking to upgrade to a new home as part of the Slough Borough Council’s £40m investment could have to fork out more than double in rental costs. The council will invest £40m in building new properties for social rent. But the amount tenants pay for these properties is set to sky rocket, as the council says it has to generate its own funding for affordable rental homes as there is no national funding available and the ‘Pay to Stay’ policy means that prices will rise anyway. Councillor Rob Anderson said: “For someone who has a two-bed house and has been on the waiting list for 10 years for a three-bed home, their rent will rise from £474.80 a month to £1,061.19. Nobody on a low income is going to be able to afford that.” Read more on the Slough Observer.

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