Monday, January 25, 2010
UK Governments latest on long-term commitment to affordable housing
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%.
6 thoughts on “UK Governments latest on long-term commitment to affordable housing”
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tenant super says:
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 Âofficer, 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!
Hoaglund says:
So 2/3rds unaffordable! Who will buy them?
Neilb says:
They dont need to build any new council houses: Just use the vast quantities of innercity ‘luxury’ new builds that no one wants.
River Man says:
“£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.
stillthinking says:
absolute rubbish, the main tariff is due to planning permission. rezone more areas and you have more affordable housing, simple as that.
tenyearstogetmymoneyback says:
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.