Keep rents at a rate affordable to existing tenants on the New Era Estate.
But the property firm Westbrook Partners have recently bought the estate and are planning a massive rent hike that will treble what we pay now.
We’re calling on the firm to ensure long term affordable rent so that our families aren’t forced to be made homeless.
Property prices in the capital have risen by 25% and now stand at an average of £400,000, above their pre-crash 2007 peak, whilst wages have drastically failed to keep pace.
Hackney in general, but the areas surrounding Hoxton in particular, has been at the sharp end of this dramatic change, and the area has witnessed rapid social and economic change over the last decade, displacing long standing communities and destroying homes for workers providing key services to London and the local area.
The cost of the forces of change have been paid by individuals and families, who are being forced from the area they were born and grew up in. The approach of profit over people is devastating lives and shredding long standing communities, to such an extent that the Mayor of Hackney, Jules Pipe, has said that the treatment of the tenants is unfair and that the proposed rent increases are ‘tearing the heart out of Hoxton’.
After a public campaign the UK property company Benyon Estate, who had 10% in the estate, withdrew. The bowed to public pressure thanks to this petition. We can do the same with the US property company Westbrook Partners.
Please support us and the families of The New Era Estate in Hoxton in calling on Westbrook Partners to keep rents at an affordable rate to the tenants of the estate so that 92 families are not made homeless.
Please sign the petition: https://www.change.org/p/new-era-should-not-become-the-end-of-an-era