Birmingham Surveyors – Birmingham Council has become the third local authority, and the first outside of London, to sign on to the Communities and Local Government’s £1.8bn affordable housing scheme.
The council will receive £6.7m in funding to help them deliver 305 affordable homes for rent. That equates to a substantial subsidy of almost £22,000 per home. In total, the plan hopes to create 80,000 new homes by 2015.