Ministers Must Commit To 30-Year Social Rent Increases To Tackle London’s Housing Crisis

The government must “immediately” introduce a 30-year commitment to increase social rents by 1% above the consumer price index (CPI) annually to help tackle London’s affordable housing crisis, a new report has argued. The report highlighted that the annual need for extra affordable housing in London is 7.6 times greater than supply, compared to 2.6 across the whole of England. Housing associations, particularly those in London, are grappling with major long-term costs as a result of the post-Grenfell building safety crisis and decarbonisation, forcing them to rethink their development plans. Read more on Inside Housing.

https://www.insidehousing.co.uk/news/ministers-must-commit-to-30-year-social-rent-increases-to-tackle-londons-housing-crisis-argues-report-72130?utm_source=Housing60&utm_medium=email&utm_content=article_link&utm_campaign=H60