Apr
16
Boris Johnson’s Housing Bank Set to Fall 90% Short of Target
By-
Just 270 homes out of 3,000 target due for completion in 2018
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Rental restrictions limiting demand for the finance: analyst
A housing bank set up by former Mayor of London Boris Johnson to speed up the development of 3,000 homes in the U.K. capital by 2018 is set to deliver just 9 percent of its target.
Just 270 homes are due to be completed by March of next year via a single project in the Ealing borough, according to data compiled by the mayor’s office. To date, the bank has loaned 10.5 percent of the 200 million pounds ($250 million) of credit set aside to help construct houses and apartments…
Boris Johnson’s Housing Bank Set to Fall 90% Short of Target
