The Definition of Affordable?
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It’s something I’ve had many conversations about and I’m sure other Councillors have also had thoughts about but I’ve never really got a clear answer. What is the definition of ‘affordable’ when it comes down to new housing developments. I found this definition on the Government’s website
Affordable housing is social rented, affordable rented and intermediate housing, provided to eligible households whose needs are not met by the market. Eligibility is determined with regard to local incomes and local house prices. From April 2012 affordable housing is defined in the National Planning Policy Framework (prior to this the definitions in Planning Policy Statement 3 apply). Affordable housing should include provisions to remain at an affordable price for future eligible households or for the subsidy to be recycled for alternative affordable housing provision.
So that clears that up.
The short answer is if you want to know how affordable housing is defined, don’t ask me! I’m going to admit I’m beat on this one, but I will ask about and see if someone can give me a clear explanation on it. Watch this space!