Property experts are warning of an affordable housing
time bomb in the UK which needs addressing to ensure enough homes are not only
built but in the pipeline to cover future demand. Before 2008, local councils
were able to stand their ground with regard to social and affordable housing
requirements. But as the recession took hold and developers started to withdraw
on their affordable housing commitments, councils were held over a barrel. It now
seems that a new mechanism introduced through the Growth and Infrastructure Act
2013 is being used by developers to reduce their affordable housing commitments
and follows a number of recent cases where the affordable housing requirements
were reduced. Read more on the Property Wire website.
No comments:
Post a Comment