London developers to be allowed to reduce percentage of affordable homes
The UK government and the Mayor of London have proposed a plan to allow developers in London to construct fewer affordable homes in their projects. The goal is to boost overall housing construction in the capital, which has faced a sudden decline. Under the plan, developers will be able to claim higher subsidies to build the reduced number of affordable units. This move has drawn criticism from homelessness charities, who argue that it could exacerbate the affordable housing crisis in London. The plan is being marketed as a temporary intervention to address the current slowdown in new home construction in the city. Officials claim it is a necessary step to address London's housing shortage, though the impact on affordability and accessibility remains a concern.
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