propertytalk Live! - L&Q announces £1.25bn funding pot for affordable housing
Following last week’s confirmation that Housing Benefit will continue to be paid directly to social landlords the Chief Executive of housing association L&Q, David Montague, has announced that the organisation is to press ahead with an investment plan of £1.25 billion for affordable housing.
The money will be used to create a working capital facility to fund a development pipeline of 10,000 homes for London and the South East.
Mr Montague believes that recent policy changes represent the most radical reforms to social housing for a generation but provide a positive opportunity for organisations in the sector.
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