Wednesday, 16 February 2011
New scheme will offer hope to millions on housing waiting lists
He outlined the next steps in the most radical shake-up of social housing for a generation, with a new Affordable Rent programme giving landlords greater flexibility to meet the individual needs of tenants in their area.
Under the new scheme landlords will be able to offer homes to tenants on fixed tenancies charging a rent of up to 80 per cent of local market rate - one of a number of efforts being made to move away from the 'one size fits all' system of social housing to one where a range of options are available to meet local housing needs. The extra revenue raised from rents would then be invested in building new homes.
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