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Housing Associations to the rescue?

Published by Beth Peakall on Thursday, June 19th, 2008 at 8:45 am

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The bad economic news just rolls on and on. It’s been interesting reading the last two or three issues of Inside Housing. Is this the time housing associations - after years of being a political football - gets to be centre stage in an economic recovery? I am intrigued by the idea of housing associations buying up homes from those on the brink of foreclosure as an alternative to those who advertise on the television. While this would not contribute to the need for more new homes, it could be one way – among many which need to be taken – to stabilise the housing market itself.