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Housing Today
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Thinktank calls for new asset class to boost housing for young professionals
Centre-right thinktank Onward proposes creating Purpose Built Young Professional Accommodation as a new asset-class with exemptions from space standards and affordable housing requirements to boost delivery for under-35s.
A new housing asset class aimed at young professionals could help the government boost housing delivery, according to a centre-right thinktank.
In a paper published today, Onward calls for the creation of Purpose Built Young Professional Accommodation (PBYPA) , which would stand alone as a sui generis planning use class.
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