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Manchester council defines ‘misunderstood’ affordable housing term

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  • 11/01/2017
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Manchester council defines ‘misunderstood’ affordable housing term
Manchester City Council has come up with its own definition of affordable housing after a report to its cabinet criticised the term for being ‘very widely used and misunderstood’.

Inside Housing reported that the council has now laid out its own definition within its housing affordability framework which states the cost of housing should not exceed 30% of an average household’s gross income, if it is to be labelled as ‘affordable’.

Housing types included in Manchester’s definition are shared ownership and shared equity properties, rent to purchase and social and affordable rent.

The council plans to increase its affordable housing stock by between 1,000 and 2,000 homes a year split evenly between tenures. It also wants to tackle the problem of lost social housing through the government’s Right to Buy scheme.

The framework reveals the council aims to increase its affordable housing delivery to between 1,000 and 2,000 homes a year across the city. These will be an equal split between homes to rent and to buy.

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