26/07/2011

The Guardian: "Who can afford Boris Johnson's new affordable housing?"

Link to The Guardian

"The mayor of London's housing advisor was right to bang the drum for investment in affordable housing on the Guardian housing network last week. But it's a curious message to deliver on the day that the government announced its package of barely affordable homes using a grant cut by two thirds.

"The mayor made his manifesto commitment to deliver 50,000 affordable homes in three years on the back of a £3.7bn affordable housing grant. To put this in context, even if the mayor had met this target (moving the goalpost by a full year) that wouldn't have been enough to meet the pressing need for social housing."

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