Friday, 8 March 2013

Warning over Social Housing Cuts

The Government's cuts to social housing funding have led to a situation which may not be workable in the long term, the chairman of the Commons Communities and Local Government Committee has warned.   Labour's Clive Betts told MPs rents were rising, prompting concerns from housing associations that the model would not last much beyond the next general election.   Speaking during a Commons debate on the department's budget and recommendations outlined in the Committee's report on the financing of new housing supply, Mr Betts outlined fears that a number of associations thought they would end up paying more in borrowing costs due to rising rent arrears.  Read more on the Daily Telegraph website.


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