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City urged to invest in affordable housing schemes

Publié par Clifford Armion le 30/01/2014

Randeep Ramesh

The government is to announce a "wide-ranging" review to examine how to encourage City investors, insurers and pension funds to put up cash to build affordable housing schemes, designed to help poorer people get a roof over their heads.
Ministers admit decades of missed targets for housebuilding have left the UK – and especially in increasingly expensive London – significantly short of affordable homes. Danny Alexander, the Lib Dem chief secretary to the Treasury, will say the coalition has attempted to turn the tide – pointing out that 170,000 affordable homes should be completed by 2015, with another 165,000 are slated to arrive by 2018.
However, the coalition is concerned that these levels of building will not meet the demand for properties, particularly in south-east England where outright normal home ownership is not an option for many. So Alexander and his Tory cabinet colleague Eric Pickles will announce a review that will examine how "innovative financing mechanisms" could be used to raise the rate of affordable housebuilding.
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"City urged to invest in affordable housing schemes", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), janvier 2014. Consulté le 27/09/2021. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/city-urged-to-invest-in-affordable-housing-schemes