Mark Prisk has warned social housing providers that the
government will challenge those failing to convert social rent tenancies to the
new 'affordable rent' tenancies. Prisk
said that grant funding will be denied to those who do not comply with the new
rent programme and that he was aware of a "huge variance" between
otherwise similar housing associations when electing to re-let properties under
the affordable rent programme. The model was extended for a further three years
in the recent spending review, but Prisk warned the £3.3bn of grant funding
would only be allocated to housing associations as part of a "something
for something" deal in which providers would be expected to convert more
stock to affordable rent levels, instead of cheaper social rent levels. Read
more on the Guardian website.
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