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Saturday, 17 December 2016

What is Affordable Housing?

A lot of controversy is generated by the term "affordable housing", since in London especially, it is often far from affordable.  Here is a quick summary of the main types of housing sent to me by a senior housing officer:

Affordable Rent- for family units are usually 60-65% of market rents or the LHA (whichever is the lower), whereas 1-2 bed units are up to 80% of market rent or LHA (whichever is the lower).
Social Rent - averages out at 50% of market rent, may be slightly higher (usually 5%) above Social Rent target rents.
Intermediate Rent- above both Affordable or Social Rent, but will be below the market value, approx. 90% of market rent.

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