The West Midlands Combined Authority (WMCA) has announced
plans to overhaul its definition of affordable housing by linking rents and
mortgages to salaries rather than to local house prices and rent rates. The
WMCA said that homeownership could be in the reach of thousands more people
under its new plan, which would ensure local people pay no more than 35% of
their salary on mortgages and rents for affordable properties. Read more on
Inside Housing.
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