Viability/Affordable Housing (4)

Meeting: 
MQT on 2017-07-13
Session date: 
July 13, 2017
Reference: 
2017/2952
Question By: 
Nicky Gavron
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

Will the Mayor consider extending the covenant providing affordable housing units in Build to Rent developments to 25 years?

Answer

Answer for Viability/Affordable Housing (4)

Answer for Viability/Affordable Housing (4)

Answered By: 
The Mayor

The Government period in Build to Rent schemes relates to the tenure of the market units. Affordable units in Build to Rent schemes, as for all developments in line with the NPPF, must remain so in perpetuity. In the event that affordable units are changed to market units, the subsidy must be recycled for alternative affordable housing provision.