(PRWEB) September 26, 2012
Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC reports that in a new report, ‘The Numbers Game: Increasing housing supply and funding in hard times’, L&Q and PwC test four affordable housing investment scenarios in the search for a new and sustainable model post-2015.
Big4.com notes a Social Equity Fund would be created by raising rents just 5% for better off, non-benefit dependent tenants, plus increasing asset management flexibilities sanctioned by government. The capacity generated would be ring-fenced for new affordable housing development. A much larger Social Equity Fund of up to £20 billion is possible by increasing rent across the board to a new affordable level – above the current average but below the Affordable Rent maximum.
Richard Parker, partner, PwC comments:
“If housing associations had more flexibility, our work suggests they could deliver across the broad rental market, including the private rented sector as Sir Adrian Montague’s report suggested, but more work is needed on planning and long term funding,” he says.
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