Showing posts with label Income Cap. Show all posts
Showing posts with label Income Cap. Show all posts

Thursday, 25 October 2012

Council Rips Up the Social Housing Rule Book

Hammersmith and Fulham (HandF) Council is to be the first local authority in the country to simultaneously introduce fixed term social housing tenancies and a maximum income cap for people wishing to access the housing register.  The council will be ripping up the social housing rule book from April 2013 when it will introduce a number of radical policies which seek to increase low-cost homeownership, tackle the social and economic divide in the borough and give a far greater priority for council housing to people who are making a community contribution.  From April 2013 the council will prevent households with incomes of more than £40,200 who need one or two-bedroom homes from accessing the housing register.  It will give priority to people with local connections, members of the armed forces and those who have made a community contribution. H&F, has one of the highest proportions of social housing in London as a proportion of total housing, with around 34 per cent social rented.  Read more on the HandF website.

Friday, 25 May 2012

Council’s '£13m Hole' In Right-To-Buy Sales

Labour councillors in Westminster have quizzed the council about whether it makes “economic sense” to hand tenants earning more than £60,000 a £75,000 discount to buy their council home.  The Government has reinvigorated the Right-to-Buy scheme in England, offering discounts of up to £75,000 – quadrupling the previous discount cap across London and tripling it in much of the rest of the country.  However, there is no income cap on Right to Buy. This means that tenants earning over £60,000 - which will soon be viewed by Government as an income threshold for social housing - could potentially benefit from a £75,000 discount to buy their home.  According to the Labour group, Westminster council expects to sell 175 flats over the next three years to households earning over £60,000 a year.  With the average value of a council property in Westminster at about £290,000 for a two-bedroom flat, this equates to a loss of £13m of public funds, they argue.  Read more on 24dash.