The Cracks in Britain's Big Plan to Build 30,000 Affordable Starter Homes [CityLab.com]

Samantha Sangenito 1/7/164:00 AM

The U.K. government is so tired of waiting on private developers to build new homes that it’s going to build its own.

Faced with a nationwide housing crisis, Britain just earmarked £1.2 billion to directly commission 30,000 affordable new homes on brownfield sites by 2020, part of a target of 200,000 new homes in total. To speed things up, the first five new projects will be built on government land—ex-military sites, a goods yard, and a former hospital—in Southeast England. Given that someone on median salary (£26,500, or $39,000) cannot afford to buy a property in 91 percent of the country, the plan should ease the U.K.’s desperate affordable housing drought at least a little.

[For more of this story, written by Feargus O'Sullivan, go to http://www.citylab.com/housing...housing-plan/422721/]

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