The Urban Land Institute is setting up a new product council to focus on affordable housings in Europe, Greg Clark, senior fellow at the ULI EMEA/India announced on Tuesday during the Provada real estate fair in Amsterdam. ULI, a non-profit organisation founded in the US to promote the responsible use of land, said that the first meeting of the new council will take place in Paris in February next year. The decision to launch a product council dedicated to housing issues comes amid increasing concerns within the residential property sector following the onset of the US subprime mortgage crisis.
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