The government has been called on to delay a new “second
mortgage” scheme, which replaces a benefit for homeowners on low incomes, after
just one in 20 affected households have signed up for it. From April, the
government is axing “support for mortgage interest” (SMI) which helps
financially constrained homeowners with their mortgage. It will be replaced
with a controversial system where the government offers to loan people the
money, which will be repaid later with interest. However, new figures have
shown that just 6,850 households have signed up for the scheme out of the
124,000 currently receiving the SMI benefit, prompting calls for the changeover
to be delayed. Read more on the Guardian website.
Could Vienna’s approach to affordable housing work in California?
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Housing costs and homelessness are on the rise in California. In the
Austrian capital, people of all income levels live in subsidised housing –
and more ...
2 hours ago
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