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London housing associations join private market to fund affordable rents

Posted on 04 March 2013

Top 15 social landlords to build 13,000 new affordable homes but also let and sell properties at market rates to fund projects. Housing associations in London are to venture into the private property market on a grand scale for the first time in an attempt to extend their social housing mission to “generation rent” – the growing number of people who can not afford to buy in the capital and are vulnerable to exploitation from unscrupulous landlords.
The 15 biggest social landlords in London are working together to build 13,000 affordable homes by 2015 – but they will also provide an additional 4,000 properties for rent at market prices and at least 1,100 homes for sale at regular London prices. They will use the profits to fund further affordable housing………………………………………..Full Article: Source


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