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%.

Posted by jack c @ 12:12 PM (1374 views)
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6 thoughts on “UK Governments latest on long-term commitment to affordable housing

  • 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!

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  • So 2/3rds unaffordable! Who will buy them?

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  • They dont need to build any new council houses: Just use the vast quantities of innercity ‘luxury’ new builds that no one wants.

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  • “£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.

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  • stillthinking says:

    absolute rubbish, the main tariff is due to planning permission. rezone more areas and you have more affordable housing, simple as that.

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  • 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.

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