Stay to Pay

Meeting: 
MQT on 2015-09-16
Session date: 
September 16, 2015
Reference: 
2015/3056
Question By: 
Fiona Twycross
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

I have been contacted by a constituent who is concerned about the impact of the 'pay to stay' rules on Londoners, so that anyone earning over £40,000 has to pay market rent. What steps have you taken to protect people in the capital from this?

Answer

Answer for Stay to Pay

Answer for Stay to Pay

Answered By: 
The Mayor

I made clear my support for the principle of 'pay-to-stay'. With thousands of low income households on the waiting list for affordable housing, it is only fair to consider the contribution that higher rents paid by higher earning tenants could make towards the provision of more affordable homes.