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Affordable homes target slashed to 20% to tackle London’s housebuilding crisis
The government aims to accelerate housebuilding by reducing affordable housing requirements to 20%, with measures expected to benefit tens of thousands, officials said.
- The government and the mayor of London have agreed to change the quota for affordable housing in new developments from 35% to 20% to incentivize developers and build more houses.
- A further £322m City Hall Developer Investment Fund has been created to encourage developers.
- The mayor said urgent action is required to prevent the supply of affordable housing for Londoners from drying up.
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London’s affordable housing quotas slashed to boost new homes drive
The Architects’ Journal London’s affordable housing quotas slashed to boost new homes drive The government has confirmed it is dropping the proportion of affordable homes that London developers must deliver to have their schemes fast-tracked, as part of temporary ‘emergency’ measures to speed up housebuilding.The post London’s affordable housing quotas slashed to boost new homes drive appeared first on The Architects’ Journal Ian Weinfass
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Total News Sources14
Leaning Left5Leaning Right0Center5Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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