Monday, 2 March 2020

Social Landlords ‘Face £10bn Bill To Fix Fire Safety Problems’


Social landlords have warned they are facing a bill of more than £10bn to fix fire safety problems after the Grenfell Tower disaster and that much-needed affordable housebuilding is in jeopardy unless the government funds a bailout. The cost is at least 25 times greater than the £400m budgeted for so far by ministers for housing associations to remove Grenfell-style cladding. It emerged as pressure grows on Downing Street to sanction a separate bailout of private leaseholders estimated at more than £2bn, with hundreds of thousands of homeowners unable to sell or mortgage their homes. Read more on the Guardian website.

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