While part of me welcomes this sort of initiative, it does seem also that it will do precisely nothing to address the housing challenges especially in London:
‘All landlords should be licensed and required to raise the quality of their homes to the decent home standard required by the Department for Communities and Local Government.
‘If they are unable to do so, they should hand over long-term management of their property to a social letting agency in return for a fixed, lower rate of return. The social lettings agency could raise funds on the open market, allocate on the basis of need and have a more supportive, community-based relationship with their tenants.’
We need to decide whether we care more about housing quality or about housing supply. We can't address both at the same time.