Mayor proposes cheaper housing for renters
Tue 27th September 2016, 4:44 pm
Mayor of London Sadiq Khan has announced plans to introduce a new type of tenancy specifically aimed at middle income earners in the capital.
Under the scheme, homes would be offered to renters at a third of average incomes in London.
Households that earn between £35,000 and £45,000 a year and who are currently renting privately will be eligible. Rents would be kept at under £1,000 a month.
The mayor is working with a number of housing associations to get the homes build, and the London Borough of Hackney has already announced it will build 500 homes as part of the programme.
Khan said: "We know that fixing London’s housing crisis won’t happen overnight, and we need to do everything we can to help Londoners who are struggling to pay their rents. That’s why I’m working with housing associations and councils to build new homes for London Living Rent – homes that will offer hard-working, low and middle-income families an alternative to renting privately so they can get by and save for a deposit.”
To learn more about the Mayor's housing policies, book your meeting with the Greater London Authority at Sitematch London.