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<p>The definition of affordable housing for planning purposes is set out in Annex
2 to the National Planning Policy Framework, which is shown below.</p><p>Affordable
housing: Social rented, affordable rented and intermediate housing, provided to eligible
households whose needs are not met by the market. Eligibility is determined with regard
to local incomes and local house prices. Affordable housing should include provisions
to remain at an affordable price for future eligible households or for the subsidy
to be recycled for alternative affordable housing provision.</p><p>Social rented housing
is owned by local authorities and private registered providers (as defined in section
80 of the Housing and Regeneration Act 2008), for which guideline target rents are
determined through the national rent regime. It may also be owned by other persons
and provided under equivalent rental arrangements to the above, as agreed with the
local authority or with the Homes and Communities Agency.</p><p>Affordable rented
housing is let by local authorities or private registered providers of social housing
to households who are eligible for social rented housing. Affordable Rent is subject
to rent controls that require a rent of no more than 80% of the local market rent
(including service charges, where applicable).</p><p>Intermediate housing is homes
for sale and rent provided at a cost above social rent, but below market levels subject
to the criteria in the Affordable Housing definition above. These can include shared
equity (shared ownership and equity loans), other low cost homes for sale and intermediate
rent, but not affordable rented housing.</p><p>Homes that do not meet the above definition
of affordable housing, such as “low cost market” housing, may not be considered as
affordable housing for planning purposes.</p><p> </p><p> </p>
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