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.
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