'Affordable housing is a con' claims report
A report by the London Tenants Federation has hit out at the term ‘affordable housing’, claiming it can be deceptive
The report claims to be a ‘guide through the manifold ways that the much-abused term ‘affordable housing’” hides more than it reveals’, suggesting that the government’s definition of affordable housing refers to ‘different types of homes rather than homes which are actually affordable’.
The formal definition of the term found in Planning Policy Statement 3, states ‘affordable homes’ and ‘affordability’ differ. The policy statement defines affordable housing as social-rented, intermediate and affordable rent homes.
Findings contained within the report show that much of the housing coined as affordable by the government is out of reach for households earning below the median level of income in London, which stands at around £30,000 annually.
In recent years the percentage of affordable homes has risen in London but the report states that this has been achieved through increasing the delivery of intermediate homes.
The report believes that the situation could worsen once the coalition introduce universal credits in 2013, stating ‘it is likely that many households currently qualifying for social-rented housing in central and inner London will be unable to meet the cost of affordable market rents even with access to benefits’.
Read the full report
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