Issue - meetings

Report DRR15/025

Members were requested to consider the amendment of the income threshold for ‘intermediate housing’ to reflect changes, primarily in prices, so as to ensure that housing is accessible to local residents.

The Chairman welcomed the report stating that the new limits would result in an increase in the number of people eligible to apply for shared ownership.  He therefore moved that the recommendations be agreed; this was seconded by Councillor Dykes.

One Member was concerned with the level being raised at a time when unemployment was high and wages were not increasing.  Some people were not able to afford the required deposit.  Another Member referred to the amount of affordable housing provided.  He did not want to see affordable housing being allocated to people on higher wages.  The Council should concentrate on providing accommodation to people with an income of under £35k per year. 

However, it was generally agreed that this was a positive move which helped people onto the housing ladder.  It was noted that Bromley had a good record of providing accommodation within the Borough. 

RESOLVED that the following reviewed local upper limited intermediate housing income thresholds for 1, 2 and 3 bedroom units be agreed:-

1 bedroom units   £38,800

2 bedroom units  £50,500

3 bedroom units  £62,500

GLA upper limit applies to 4 bedroom units+