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34369
star this property human indexable true more like this
star this property published true more like this
star this property registered interest false more like this
star this property answer date less than 2014-01-24more like thismore than 2014-01-24
star this property date less than 2014-01-22more like thismore than 2014-01-22
star this property date tabled less than 2014-01-22more like thismore than 2014-01-22
star this property ddp created less than 2014-01-22T23:40:40.613Zmore like thismore than 2014-01-22T23:40:40.613Z
star this property ddp modified less than 2015-02-07T01:20:13.603Zmore like thismore than 2015-02-07T01:20:13.603Z
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Department for Communities and Local Government more like this
star this property question status Tabled more like this
star this property answering dept id 7 remove filter
unstar this property answering dept short name
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star this property house id 1 more like this
star this property identifier 184627 more like this
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25259
star this property pref label House of Commons more like this
star this property parliament number 55 more like this
star this property question first answered
less than 2014-05-14T12:00:00.00Zmore like thismore than 2014-05-14T12:00:00.00Z
star this property question text To ask the Secretary of State for Communities and Local Government, what the average proportion of market rent of all affordable housing is in each London borough. more like this
star this property session
2013/14 more like this
star this property session number 3 more like this
star this property tabling member constituency Tooting more like this
star this property tabling member printed
Sadiq Khan more like this
star this property title House of Commons Tabled Parliamentary Question 2013/14 184627 remove filter
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WrittenParliamentaryQuestion
star this property uin 184627 more like this
star this property version 1 more like this
star this property written parliamentary question type Ordinary more like this
star this property answer
answer
unstar this property answer text <p> </p><p>I have placed in the Library of the House, a table showing affordable and social rents as a proportion of market rents, for each London borough.</p><p>The affordable rent model allows for more new affordable housing to be delivered with lower levels of taxpayer capital subsidy and by levering in more private investment. The programme is helping deliver £15 billion of private investment in new affordable housing over the current spending review, alongside £4.5 billion of public investment. Social rent and affordable rent go hand in hand; both help provide accommodation for those on low incomes.</p><p>As the National Audit Office has observed: “the Department selected the best delivery model open to it for the funds it had available” and “the Department has so far achieved its policy objective to maximise the number of homes delivered within the available grant funding” (National Audit Office, “Financial viability of the social housing sector: introducing the Affordable Homes Programme”, 4 July 2012, <em>HC465,</em> pp.6-7).</p><p>I note in his recent Fabian Society pamphlet, the rt. hon. Member has complained that affordable rent would result in rents of 80 per cent of market rents in London. Whilst it varies by borough, as the table shows, for example, affordable rent levels are 38 per cent of average local market rents in Camden, 48 per cent in Islington, 54 per cent in Southwark and 35 per cent in Westminster, reflecting local circumstances.</p><p>I also observe that the housing policy announced at the Labour Party Conference in October 2012 also endorsed the use of affordable rents to build new homes; albeit this point is frequently lost on many Labour hon. Members who proceed to attack the basic principle of affordable rent in allowing more new affordable homes to be built using taxpayer capital subsidy.</p><p> </p>
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1577
star this property label Biography information for Sadiq Khan more like this
star this property publisher
25259
star this property pref label House of Commons more like this
star this property tabling member
1577
unstar this property label Biography information for Sadiq Khan more like this