Monday, 3 September 2012

Ending Expensive Social Tenancies: Fairness, Higher Growth and More Homes

The Policy Exchange has published a report arguing that selling expensive social housing as it becomes vacant could create the largest social house building programme since the 1970s.  According to the think tank, sales would raise £4.5 billion annually which could be used to build 80,000-170,000 new social homes a year and reduce the housing waiting list by between 250,000 to 600,000 households in five years.  The report says that ending expensive social housing:
    *Will generate growth and jobs.
    *Is extremely popular with all sections of society.
    *Has no real effect on employment.
    *Raises tenants’ standard of living.
    *Will reduce the housing waiting list by between 250,000 to 600,000 households in five years.
Download a copy of the report from the Policy Exchange website.

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