Friday 3 November 2017

'Loophole' Developers Use To Avoid Building More Affordable Homes

House builders are using a “legal loophole” to wriggle out of developing thousands of affordable homes in order to maximise profits.  Shelter has released a dossier it claims shows the number of affordable homes in new-builds drops drastically after developers submit a “viability assessment” when applying for permission to build. These assessments allow developers to put in planning applications which do not hit council targets for affordable homes – claiming if they were to build those houses it would mean profits would be severely reduced. One council told HuffPost UK it feels it has no choice but to accept the lower affordable housing figure, or risk no development happening at all. Read more on the Huffington Post website.

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