Wednesday, March 14, 2012

Social housing overhaul ; news in brief

Social housing overhaul Property developers are being encouragedto rent out newbuild homes under a scheme to overhaul the UK'ssocial housing system announced by Housing Minister Grant Shapps.The Affordable Rent programme will allow landlords to offer homes onfixed tenancies and charge a rent of up to 80% of local market rate.The extra revenue raised from rents would then be invested intobuilding new homes. On top of this private …

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