Wednesday, 17 February 2016

Housing Associations Issue Dire Warnings About 'Right To Buy

Housing associations providing homes for thousands of people across the North East have warned that Government plans to let tenants buy properties at a discount could lead to a major shortage of affordable accommodation. In a series of warnings issued to a Commons inquiry, they said:
• They won’t have enough money to build new homes to replace those sold
• Tenants risk taking on debts they can’t afford in order to buy properties
• Homes would end up in the hands of buy-to-let landlords
• Philanthropists who used to back housing associations will stop making donations

Read more on the Newcastle Chronicle website.

No comments: