UK Gov abandons plan to raise affordable housing threshold
UK Gov abandons plan to raise affordable housing threshold
The government has U-turned on proposals to increase the threshold at which developers have to provide affordable housing on new-build schemes, after claims that the proposal would cause a sharp drop in affordable build rates.
Melanie Rees, head of policy and external affairs at the Chartered Institute of Housing, said the move was “really welcome and very important” given the number of affordable homes – almost half – which came about via obligations in Section 106 agreements.
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