Fixed affordable housing targets will stifle house building in london

Posted Posted by in Opinion   shareShare2016
Jul
29

tonydev

The Mayor has been forced to row back on his 50 per cent affordable homes target after realising what I have warned for some time – that it is totally unfeasible to ask developers to effectively give away half of their new homes.

By continuing to insist on a 35 per cent target, the Mayor is doing nothing to incentivise developers to get building in London.

A one-size-fits-all affordable housing target risks stifling new housing development in the capital. We need a more business-minded approach that nurtures the housing market and ensures a better future for Londoners.

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