If you were here on Friday, you’d have read about Boris Johnson’s plans as Mayor of London to abolish the affordable housing targets for the capitol. Well, there’s more… under his new strategy, it will also be harder for people to qualify for the Government’s Homebuy programme, as he’ll be raising the household income limit from £60,000 to £74,000.
But as a peacemeal gesture, Johnson has said that around 50,000 extra affordable homes would be built over the next 2 years and he urged the point that almost £40m has been spent by London boroughs to bring 1,700 empty homes back into use. Interestingly, London was the only region in England to experience an increase in housing supply during 2008/09, a rise of 3%.
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