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"The local boroughs, Camden and Islington Councils, argue that the site could offer 40% affordable housing and still provide significant profits to the developers. But the plan Boris is considering only requires for 23.9% of the housing to be affordable. This means 111 fewer affordable homes than Camden and Islington had called for.
And that 'affordable' housing doesn’t smell very sweet, even by that name. An article in the Guardian reveals that tenants in the 98 'affordable' homes 'could be charged up to £1,170 a month for a one-bedroom flat and up to £1,690 for a two-bedroom flat.' This means a family would require an annual income of £100,000 for these properties to be considered affordable.
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