Affordable Housing: Construction
The question
To ask the Secretary of State for Housing, Communities and Local Government, pursuant to the Answer of 12 February 2025 to Question 28051 on Affordable Housing: Construction, what the level of sub-market rents should be in properties that are not for social rent; and whether sub-market rents are included within the affordable rent model.
Answered by Matthew Pennycook
Affordable or Intermediate Rent is defined as homes let at least 20% below local market rents (affordable rental properties) or let at rates set between market rents and social rents (intermediate rental properties).
Social Rent is set through the National Rent Regime in England at around 50% of market rents. Affordable housing may also be targeted to address a specific need, such as specialist housing for vulnerable, older or disabled people, known as “supported housing”.
Further information can be found on gov.uk here.
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