Additional affordable housing
Additional affordable housing is the sum of new social rent, affordable rent, intermediate rent, shared ownership and affordable home ownership. The figures include new build and acquisitions/rehabilitated dwellings. The data includes homes where the cost is met by a private developer (e.g. Section 106 agreements). The figures for 2016/17 are provisional. The figures do not take into account losses through demolitions or sales. Affordable homes are additional housing units or bed spaces provided to specified eligible households whose needs are not met by the market. Annex 2 of the National Planning Policy Framework contains a detailed definition of affordable housing.
According to the Autumn Budget 2017 policy papers, average house prices are now almost eight times the average worker’s salary in England. The cost of housing near the most productive centres of employment has become a barrier to productivity growth. High house prices can prevent people from living near the best job opportunities for them, limiting the productivity of companies that might have employed them. One sustainable way of making housing more affordable in the long term is to build more homes in the right places.
The Homes and Communities Agency (to be renamed Homes England) is responsible for delivery of the government's Shared Ownership and Affordable Homes Programmes. It has a budget of £9.1 billion to 2020-21 which is expected to provide at least 25,000 new affordable homes across England.
In addition, the Government has invited councils in 'high-demand' areas to apply for a lift in their Housing Revenue Account borrowing caps, to allow them to borrow more to build houses, in the autumn 2017 budget.
There were 1,150 additional affordable homes delivered in the Lancashire-14 area in 2016/17, 320 more than in 2015/16, and the second highest completion number in the last 20 years. Preston (180), Lancaster (170) and Chorley (120) accounted for 41% of the Lancashire-14 completions in 2016/17. Affordable dwelling completions in the area have averaged 940 per year since 1991/92.
Looking at the total additional affordable housing completions by new build and by acquisition/rehabilitation in the Lancashire-14 area, new build (1,088) accounted for over 90% of the total in 2016/17. Of the new build, affordable rented dwellings comprised 64% of total.
Under the acquisition/rehabilitation completions grouping, the affordable home ownership category had the largest number (54) in the Lancashire-14 area (out of 92), all of which were in Preston. Preston also had the greatest number of acquisition/rehabilitation completions in the Lancashire-14 area (60 dwellings) in 2016/17. The affordable rent category (36) had the next highest number in the Lancashire-14 area.
There were 1,170 affordable dwelling starts on site in the Lancashire-14 area in 2016/17, 610 more than starts in 2015/16.
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Note: There appears to be a discrepancy in the data for Chorley between table 1008C (Total additional affordable dwellings provided by local authority area, England - Completions) and table 1011C (Additional Affordable Housing Supply; detailed breakdown by Local Authority, Completions) for both 2015/16 and 2016/17. Totals for Chorley may therefore differ on different sheets of the dashboard.
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Last updated December 2017