Monday, Jan 25, 2010
UK Governments latest on long-term commitment to affordable housing
BBC: Spending cuts 'could hit affordable housing'
The number of planned affordable homes built over the next 10 years could be halved by government spending cuts, a housing campaign group has warned. The government has promised three million new homes by 2020 - a third "affordable" below market rates. The National Housing Federation said pre-Budget report figures suggested the housing budget could be cut by 17.98%.
Posted by jack c @ 12:12 PM (797 views) Add Comment
6 Comments
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1. tenant super said...
Affordable usually means shared ownership which is another bubble prop and 'affordable' in this context is a bad misuse of language.
Take a look at this couple:
http://www.thisislondon.co.uk/standard/article-23781672-what-alistair-darlings-plans-mean-for-us.do
THE YOUNG FAMILY
Noella Bello Castro, a media officer, 30; partner Jim Davey, an office manager, 29; and their son Jack Davey-Castro, three
Home: Two-bedroom shared ownership flat in Kentish Town
Income: £58,000
Monthly outgoings: Rent and service charge £600; mortgage £300; council tax £100; bills £200; travel £200; food £300; nursery £550; entertainment £300
£900 per month for a 2 bedroom flat!
2. Hoaglund said...
So 2/3rds unaffordable! Who will buy them?
3. Neilb said...
They dont need to build any new council houses: Just use the vast quantities of innercity 'luxury' new builds that no one wants.
4. River Man said...
"£900 per month for a 2 bedroom flat!"
That is actually quite cheap for Kentish Town. Affordable in London has to be put into context.
5. stillthinking said...
absolute rubbish, the main tariff is due to planning permission. rezone more areas and you have more affordable housing, simple as that.
6. tenyearstogetmymoneyback said...
stillthinking
Was just thinking that myself.
Does anyone know how much it actually costs to build a flat or house.
A few months ago the figure of £40K for a "Luxury Apartment" was mentioned.
A figure I do know was that in 1995 Crest could build and sell two bed houses for
£52K and that was a private development on private land (actually a greenfield site
next to another site). I almost forgot that to get planning permission they had to
replace about half a mile of narrow country lane with a two lane road.