The Government's 150,000 affordable homes target is in doubt if state subsidy in housing is not maintained in the capital, a new report has warned. The report, produced by the London School of Economics (LSE) and Political Science for the g15 group of housing associations, sets out the case for investment in London's affordable housing at a time when the Government is rolling back state funding in housing - allowing social landlords to charge higher rents to build new homes. The report warns that while this model will allow more affordable homes to be built, it comes with limitations. These include: problems of affordability among London's lower-income employed households, a hike in the housing benefit bill, the risks of private finance and the slow turn-over in social sector re-lets. Read more on 24dash.
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