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Housing Today
Trusted media brand of the Chartered Institute of Housing
Cross-subsidy model ‘isn’t working’, says London mayor
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 has run into problems.
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