Thursday, November 20, 2008

BORIS Johnson has announced plans to create 50,000 affordable homes and kickstart the housing market

Boris: 50,000 cheap homes pledge

The Mayor said he wanted to build the ambitious total, including 30,000 social housing units, within three years. The £5 billion scheme will attempt to get middle-income families on the property ladder and ditch previous mayor Ken Livingstone's target that all new schemes are 50 per cent affordable. Mr Johnson said: "These plans aim to put London on a strong footing for the eventual upturn in the housing market." The scheme will see: ● Stalled developments receiving public money to go ahead, in return for providing affordable homes. ● Unsold new houses being bought and made affordable. ● More flexible schemes for existing social tenants who aspire to own their own home. ● An increase in the number of family-sized homes available to rent or buy.

Posted by ezkay @ 01:17 PM (497 views)
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