‘Government should loosen affordable housing rules with New Towns’
Original Article Summary
The government should lower its 40% affordable housing requirement when it comes to its New Towns policy, according to Andrew Smith of Phoenix Funding. Smith reckons the requirement will prove a barrier to new building. He said: “The target of 40% being affordable just isn’t viable, and the maths doesn’t stack up. “If the government […] The post ‘Government should loosen affordable housing rules with New Towns’ appeared first on PropertyWire.
PropMatch Curated Analysis
Industry expert argues government's 40% affordable housing requirement for New Towns is unviable and should be reduced to 25% to enable delivery, particularly for smaller developers.
Investor Relevance
Highlights potential opportunities in New Towns development if affordable housing requirements are relaxed, and emphasizes the role of smaller developers in delivering housing projects with public grant support.
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