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Question by:
Mike Tuffrey
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Meeting date:
23 October 2002
That was the answer I was expecting for once. What do you then say to the fact that the ALG, who after all, represents the boroughs who are the housing authorities in this matter, who calculate that the increase in funding will only result in about an extra 1,000, from something like 7,000 affordable units a year currently to about 8,000? And the reasons they have reached that conclusion are that while there is more money, land values are rapidly accelerating, construction costs are running ahead of inflation, more marginal sites are more expensive to bring on-stream in terms of...