Two of Britain's largest landowning bodies, which
generate millions of pounds a year for the Queen and Prince Charles, are
regularly failing to meet affordable housing targets when building new homes on
their land. Planning documents reveal that both the Crown Estate and the Duchy
of Cornwall are persuading councils to allow them to cut their affordable
housing quotas on the grounds that meeting them would be too expensive. An
investigation examined the two landowners' plans to build 4,299 homes in 31
schemes. 14 developments failed to meet local targets, resulting in at least
213 fewer affordable homes being built. 10 of the 19 largest Crown Estate
developments have not or will not meet affordable housing targets. In its most
recent financial results, the Crown Estate said it had "outperformed the
market" and achieved a £252.6m surplus, 15% of which goes to the Queen.
The rest goes to the Treasury. Read more on the Bureau of Investigative
Journalism website.
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