Property News · June 18, 2015

Living rents will save billions in housing benefit – report


Basing rents on local wages rather than the private sector could cut poverty and reduce the housing benefit bill, according to Savills’ reportA “living rent” based on incomes rather than private sector rates would make social housing more affordable and cut the government’s housing benefit bill by billions a year, a report said on Thursday.Instead of many housing associations and local authorities offering “affordable rents” set at up to 80% of the open market rate, the report by property firm Savills proposed a rent linked to local earnings. Continue reading…

Source : theguardian.com
Read more…Living rents will save billions in housing benefit – report

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