Tuesday, 24 March 2015

Developers Must Provide 50% 'Affordable' Housing, Says Council

Croydon Council has said that residential developments built outside of the town centre will be required to provide a minimum 50% 'affordable' housing. From 1 April, council policy will state that half of all the bedrooms where there are 10 or more homes are in 'affordable' housing units. The minimum level is currently 30% but the local plan policy allows this to be reviewed each year in response to market changes. And developments within the town centre that offer less than 50% affordable housing will have to justify this by undertaking a viability assessment. Read more on 24dash.

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