Response to The Benyon Estate selling its share in the New Era Estate
Hackney Town Hall
In response to the announcement that the Benyon Estate intends to sell its share in the New Era estate, Hackney's Cabinet Member for Housing issued a statement.
Sadly the change in ownership of a small stake of the New Era Estate won't change anything; the fate of these residents lies in the hands of an American investment company. Treating tenants in this way is completely unacceptable but under current legislation they - and the Council - are powerless to stop this. The situation faced by New Era Estate tenants - while even more acute in terms of rising rents and risk of eviction - illustrates perfectly the problems with the private rented sector in London, which affords tenants few rights and leaves them exposed to the worse excesses of the market. We need longer tenancies, index linked rent rises, the end of tenant fees and the end to unscrupulous evictions. Without better regulation, London's social diversity and economy is at risk.
Cllr Philip Glanville, Cabinet Member for Housing