In last month's spending review, the Government announced that new social tenants would in future have to pay up to 80 per cent of market rents, as opposed to the 50 per cent which currently applies in some of the most expensive areas.
Homes & Communities Agency London director David Lunts told today's Future of London conference that, although this could generate significant extra finance for affordable housing in the capital, it could also present problems for estate regeneration schemes.
He said such schemes usually involved persuading existing tenants to give up their homes so that they could be demolished and replaced, with the promise that they would be able to come back afterwards to a new tenancy, often with a different social landlord.
"Will tenants vote for higher rents and loss of security of tenure," he asked, saying that the plans would "present challenges" to estate regeneration. He suggested that the possibility of exemptions from the new rules in some cases be explored.
Homes & Communities Agency London director David Lunts told today's Future of London conference that, although this could generate significant extra finance for affordable housing in the capital, it could also present problems for estate regeneration schemes.
He said such schemes usually involved persuading existing tenants to give up their homes so that they could be demolished and replaced, with the promise that they would be able to come back afterwards to a new tenancy, often with a different social landlord.
"Will tenants vote for higher rents and loss of security of tenure," he asked, saying that the plans would "present challenges" to estate regeneration. He suggested that the possibility of exemptions from the new rules in some cases be explored.
