{"id":99891,"date":"2024-12-18T09:48:46","date_gmt":"2024-12-18T09:48:46","guid":{"rendered":"https:\/\/en.econostrum.info\/?p=99891"},"modified":"2024-12-18T09:48:49","modified_gmt":"2024-12-18T09:48:49","slug":"17400-affordable-homes-delayed-rising-costs","status":"publish","type":"post","link":"https:\/\/en.econostrum.info\/17400-affordable-homes-delayed-rising-costs\/","title":{"rendered":"17,400 Affordable Homes Delayed : Rising Costs and Funding Gaps Put UK Housing Targets at Risk"},"content":{"rendered":"\n

The delivery of 17,400 affordable homes<\/strong> in England and Wales<\/strong> has been delayed as housing associations<\/strong> face significant financial shortfalls<\/strong>. A survey conducted by the Home Builders Federation (HBF)<\/strong> highlights a growing bottleneck<\/strong>, with 139 construction sites<\/strong> stalled and the government\u2019s target of 1.5 million homes<\/strong> increasingly at risk.<\/p>\n\n\n\n

Section 106 Agreements and Financial Constraints<\/h2>\n\n\n\n

Under Section 106 agreements<\/strong>, private developers<\/strong> must allocate a portion of new housing developments to affordable homes<\/strong>. This mechanism accounted for 44%<\/strong> of the 62,000 affordable homes<\/strong> completed last year.<\/p>\n\n\n\n

In the past 12 months<\/strong>, housing associations have faced substantial financial pressures<\/strong> :<\/p>\n\n\n\n