Affordable Rent and the London Plan

Meeting: 
MQT on 2012-02-22
Session date: 
February 22, 2012
Reference: 
2012/0557
Question By: 
Nicky Gavron
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

You constantly reference the rent agreement you have supposedly negotiated with housing associations to ensure rents on new Affordable Rent homes will be on average 65% of the local market rent. This agreement is time limited until April 2015.

You also plan that 60% of all new affordable homes delivered in London will be Affordable Rent or conventional social rent for the 20 year lifetime of the London Plan (although you have decided to not provide grants for social housing, effectively removing it as a state funded tenure).

By having a rent agreement that lasts until 2015, but a target for that tenure that lasts much longer, can you guarantee that rents in the Affordable Rent tenure will not increase post-2015 and become even more unaffordable?

Answer

Answer for Affordable Rent and the London Plan

Answer for Affordable Rent and the London Plan

Answered By: 
The Mayor

Any increases in the rents paid by tenants living in Affordable Rent properties are limited to the amounts set out in the TSA's Tenancy Standard, in the same way as they are for social rented tenants.