Not exact matches
Companies won't invest, stores will close, «for
rent» signs will go up, tax payments to the cities will fall, and municipal employees will be laid off while
social services are
cut back.
A combination of soaring
rents,
cuts to benefits, and a shortage of
social housing has created a crisis in affordable housing in the capital.
These
cuts force tenants in
social housing to downsize to a smaller property or risk eviction by forcing them into arrears if their housing benefit no longer covers the
rent.
However, more must be done to find solutions to the housing crisis and it is concerning that the Office for Budget Responsibility predicts there will be 14,000 fewer affordable homes built as a direct result of
social housing
rent cuts.
Mr Grayling said the tax credit
cuts were part of a package of changes, including free childcare and
cuts to
social rents, designed to help working families.
Earlier this week, the government set out its comprehensive spending review (CSR) outlining plans to
cut funding for
social housing by more than 60 per cent, with new tenants in line to pay higher
rents.
Leaked documents obtained by this newspaper expose the true scale of the «
social cleansing» taking place across the capital as a result of welfare
cuts and soaring
rents.
However, innovative programs that meet students»
social - emotional needs have been
cut because of inadequate state aid and, unlike traditional schools, charters must pay
rent.