SOCIAL INSECURITY

摘要

When the coalition ripped up the traditional way of funding affordable housing in 2010, more than halving government subsidy, it was seen by many as a necessary evil given the state of the UK's finances. To deliver the 150,000 homes expected by the government, it required housing associations -or registered providers (RP), in the current parlance - to raise an expected £15bn in private cash on the back of expected rents. However, many RPs said at the time that it could only be a one-off - because by 2015 they would have borrowed so much they would be unable to fund a further round.