Affordable Rent and Living Rent

The government calls rent affordable when it is 20% less than market rent:

If a 1 bed flat costs £1000 a month, they can call a flat that costs £800 a month “affordable”. If market rent goes up, so can “affordable” rent, even if wages stay the same.

A fairer system is “Living Rent”.

Living Rent is based on local income and capped so it won’t increase beyond inflation. Heart of Hastings and White Rock Neighbourhood Ventures use a Living Rents model for their homes.

AGM and Fete in the Alley
Alley Fete and AGM 2019. Image credit: IF_DO