Monday, 23 February 2015

Financial Relief for Social Landlords

Housing Minister Brandon Lewis has proposed new rules that would enable a wider range of affordable housing providers to claim relief from the Community Infrastructure Levy (CIL). Currently, only a limited number of housing associations and local authorities can qualify for this housing relief. Subject to parliamentary approval, the proposed new rules would enable a wider range of social landlords to potentially benefit from the CIL. To qualify, new homes would need to be let at no more than 80% of market rent to people whose needs are not met by the commercial housing market. Read more on 24dash.

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