Housing funding model ‘isn’t working’, says London mayor

By Hamish Champ2019-10-09T10:49:00

Source: Shutterstock

Sadiq Khan says downturn presents opportunity for local councils to build more homes

The cross-subsidy model used by housing associations to pay for their social housing commitment is not working for London, according to the capital’s mayor Sadiq Khan.

As property prices have stagnated, the ability of housing associations to fund the building of homes for affordable rent and shared ownership have run into problems.

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