High Peak Liberal Democrats
Londoners have been urged to help support the building of thousands of new affordable homes by agreeing to fund their construction via a levy on council tax.
Liberal Democrat mayoral hopeful Caroline Pidgeon has said that, if elected to succeed Boris Johnson in May, she would use the £20 each household currently pays per year towards the cost of hosting the 2012 Olympics to fund 50,000 low rent homes over the next four years.
The Olympic element of the Mayor's share of council tax is due to end next year but Ms Pidgeon says retaining the levy would provide the "long term revenue" for City Hall to step in and build the homes needed to tackle London's growing housing crisis.
Calculations provided by the Liberal Democrat campaign suggests £2 billion could be raised via council tax to fund the new homes.
In addition to the 50,000 new low rent homes, Pidgeon says her plans would also support a ....
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