In message om, at
19:38:06 on Thu, 15 Nov 2012, RJH remarked:
Affordable=uneconomic in my book.

"Affordable" is jargon for "run by a housing association".

I agree that any loans to such organisations to build more housing stock
should be done at a commercial rate. If they subsequently make a loss on
the rental income, there are various grants they can fall back on.

Are there - would you mind giving an example?

There used to be a Revenue Deficit Grant, but that was long ago IIRC.

The Homes and Communities Agency has £1.8 billion to hand out.
--
Roland Perry