London’s cheap home plans to go nationwide

A subsidised housing scheme for middle income earners in London could be extended nationally if it gains ministerial approval. London & Quadrant’s proposal to allow households with incomes up to £60,000 to rent a home for 80 per cent of the market rental and stay as intermediate tenants indefinitely was recently announced by London mayor Boris Johnson. The Homes and Community Agency sees the scheme as helpful by allowing housing associations to build out of sites that had previous planning permission for private homes.