Transcription of What is affordable housing?
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What is affordable housing?
| | | @commonslibrary BRIEFING PAPER Number 07747, 21 September 2018 What is affordable housing ? By Wendy Wilson and Cassie Barton Contents: 1. Defining affordable housing 2. Affordability by tenure type 3. The supply of affordable housing 4. The role of housing Benefit 2 What is affordable housing ? Contents Summary 3 1. Defining affordable housing 5 A statutory definition of social housing 5 affordable rents 6 The London affordable Rent (LAR) 7 Defining affordable housing for planning purposes 8 Planning to provide affordable housing 11 Alternative measures and definitions 12 2. Affordability by tenure type 16 Home ownership 16 Income to house price ratios 16 Affordability for buyers: lending multiples 17 Affordability of Starter Homes 19 Affordability of shared ownership 21 Renting and affordability 21 The private rented sector 21 Income to rent ratios 22 Affordability in the social rented sector 23 3. The supply of affordable housing 24 An overview 24 The demise of social rented housing ?
A statutory definition of social housing 5 Affordable rents 6 The London Affordable Rent (LAR) 7 Defining affordable housing for planning purposes 8
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