Liberal Democrat assembly member Mike Tuffrey said: “Even if up to 50% of new homes are designated as affordable, [Livingstone] cannot achieve even half his original target.”
Inward investment agency London First warned that the requirement that half the housing on new schemes be affordable would push up development costs, unless Housing Corporation development funding increased. The priority must be to increase the total supply of new housing, said London First property and planning director Judith Saloman.
Source
Housing Today
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