8,500 Affordable Homes 'At Risk as Housing Providers Hesitate'

Up to 8,500 new homes could be left empty: HBF – Mortgage Finance Gazette

Up to 8,500 Affordable Homes that are scheduled to be built over the next year are at risk of standing empty, the Home Builders Federation has warned. The trade body says that more than 700 developments have stalled as social housing providers have reduced their… The post Up to 8,500 new homes could be left empty: HBF appeared first on Mortgage Finance Gazette.

Up to 8,500 affordable homes at risk of standing empty

Up to 8,500 Affordable Homes that are scheduled to be built over the next year are at risk of standing empty, the Home Builders Federation has warned. The trade body says that more than 700 developments have stalled as social housing providers have reduced their…The post Up to 8,500 affordable homes at risk of standing empty appeared first on Mortgage Strategy.

Lack of Affordable Homes take-up sees more than 700 housing developments stalled

Around 8,500 Affordable Homes due to be built in the next 12 months are at risk, as social housing providers pull back from taking on new Section 106 contracts, causing delays to housing delivery and undermining national housing targets, research from the Home Builders Federation (HBF) shows.

Section 106 contracts putting 8,500 affordable homes at risk, say HBF

New research from the Home Builders Federation (HBF) is showing that reluctance to accept the contracts is causing severe delays to housing delivery Section 106 contracts put a minimum number of affordable homes that housing developers must build on new sites, which are then bought by the registered providers at a discount. Social housing providers are reluctant to accept or commit to the contracts and are pulling away, leaving 900 already-built…

8,500 Affordable Homes 'At Risk as Housing Providers Hesitate'

Around 8,500 affordable homes due to be built in the next 12 months are at risk as social housing providers pull back from taking on new Section 106