Reality Check: What is affordable housing?

Reality Check: What is affordable housing?
 

With property prices rising faster than wages, affordable housing has become a hot topic.
Chancellor Phillip Hammond is expected to announce policies in the Autumn Statement aimed at tackling the problem.
In January, then Prime Minister David Cameron said government would step in and directly commission thousands of new affordable homes.
He pledged £1.2bn over the next five years to build affordable starter homes.
But what do we mean by affordable?
The government's definition when it comes to renting is that affordable homes should cost no more than 80% of the average local market rent.... read more

 
23 November 2016 in Business, Views: 62
Source: BBC
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