News

Developers can’t pay for affordable housing, says British Land chief

By 2021-03-23T07:00:00

Southwark Canada Water

Canada Water boss Roger Madelin said general taxation should fund submarket housing

The housing sector should “stop pretending” that affordable housing can be subsidised by developers if it wants to avoid a slowdown in housing delivery, a British Land executive has said.

Roger Madelin, the head of British Land’s £3bn Canada Water development in south east London said that “government and society have got to realise that subsidies for submarket homes should come from general taxation”.

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