Tens of thousands of people in England and Wales are
urging their local councils to stop housing developers from purposefully
avoiding building affordable housing. The 38 Degrees campaign, started by 27
members across England and Wales, comes after leaked documents revealed
developers are deliberately misleading councils on expected profit. Current
planning law in England and Wales states that if a developer will not make
‘competitive returns’ – typically assumed to be 20% profit on a new development
– they can ignore the council’s regulations about building affordable and
social housing. The developers’ leaked documents have shown that the
calculations they use to work out their profit margins are purposefully
misleading. Read more on 24housing.
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