Housing associations warn of hefty rent rises
Published Date:
31 May 2008
HOUSING associations today warned of hefty rent rises following a cut in the Scottish Government’s overall funding for affordable homes.
Edinburgh will receive £36.1m this financial year – the same as last year – to build an estimated 600 affordable houses. But the allocation has been branded a real-terms cut.
Ministers have told housing associations the current subsidy level of £77,000 per house is “unsustainable”.
Edinburgh North & Leith Labour MSP Malcolm Chisholm, left, said: “It is deeply disappointing there has been a real-terms cut in the money for this year.
“The subsidy per house is significantly down, which means big rent rises in the pipeline.”
The full article contains 115 words and appears in Edinburgh Evening News newspaper.
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Last Updated:
31 May 2008 9:35 AM
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Source:
Edinburgh Evening News
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Location:
Edinburgh