Affordable Rent Puts 150,000 Homes Target in Sight

If housing associations shifted half of all lettings to the Government’s Affordable Rent product – charging rents at up to 80% of the market rate – and topped up state grant with £10,000 per unit, nearly 70,000 homes could be built by 2015, research by property analytics company Hometrack suggests. This, combined with the 70,000 homes already committed under the previous Government, could deliver 140,000 homes by 2015, just 10,000 shy of the Government's 150,000 affordable homes target, but without the addition of grant-free built homes. Read more on 24dash.