Types of “Affordable” Housing A CLT exists to provide affordable homes and community facilities for local people. But how can a CLT make homes affordable? Housing is expensive, especially in the Cambridge area, and saving for a deposit is hard. Even renting can be a challenge. Average house prices have reached 10x average incomes. And that’s before you have looked at areas which are higher than average. There are options to make housing more affordable, some of which are more effective than others.
Shelter have produced an excellent report about why housebuilding in the UK doesn’t work and what we could do instead. The full report is available on Shelter’s website. Speculative Housebuilding The UK doesn’t build enough houses, and the reason for this is because most are built by the speculative housebuilding model. That is land is bought by the big house builders and then houses are built and then sold.