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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