19 October 2009

Labour Council delivers 3% rent cut for Lambeth tenants

Lambeth's Labour Council has managed to negotiate a 3% rent reduction for Lambeth tenants. The reduction was achieved by the Council working with central government to secure extra funding for housing in the borough. The rent reduction will be backdated to April 2009 and will appear as a credit in council rent accounts towards the end of November - just in time for Christmas.

The credit will help over 25,000 families across the borough including many in Vassall Ward.

Vassall Councillor Kingsley Abrams welcomed the news saying "this is a real example of how we are able to bring real benefits to families in Vassall. At the same time we have embarked on an ambitious regeneration and upgrade programme for housing in the Ward which will improve Vasall Ward and Lambeth for all residents."