Nick Millican: Housing Crises in London
YMCA claims that the lack of affordable housing is a menace that is affecting young people, and the government needs to move fast to ensure the availability of affordable homes. Unfortunately, real estate expert Nick Millican shares, small organizations willing to build affordable homes have not been getting funding to facilitate the process.
The government should make changes in the regulations to enable small organizations to purchase and build affordable houses, as the asset management expert Nick Millican comments. Charity organizations are calling on the government to legislate regulations that will favor them as they build homes for vulnerable groups.
Unfortunately, the change in base rate by the Bank of England has made it more challenging for small organizations to borrow money. YMCA has been working with communities in London, and it acknowledges the shortage of affordable houses that the young people need. According to Nick Millican, the lack of affordable houses exposes the youths to rogue landlords and poor living conditions, and they even end up being homeless.
The whole and pure private sector is ruthless to the low-income earners, the majority of whom are youths receiving the lower minimum wage rate and the lower rate of universal credit. For Nick Millican, addressing the issue of the housing crisis needs all the stakeholders to take part since delivering the much-needed affordable houses is not easy.
However, the government has the most significant role to play by availing land for affordable housing needs. The government also needs to ensure an easy planning approval process for affordable housing projects. Otherwise, without a change in regulation, real estate agent Nick Millican finally states, the young people will continue to suffer while seeking shelter.
YMCA claims that the lack of affordable housing is a menace that is affecting young people, and the government needs to move fast to ensure the availability of affordable homes. Unfortunately, real estate expert Nick Millican shares, small organizations willing to build affordable homes have not been getting funding to facilitate the process. The…