Issue - meetings

Report DRR18/011

The report sought Members’ agreement to raise the existing local income thresholds for 1-3 bedroom units for intermediate housing to reflect changes primarily in house prices over the past 3 years (increases of 30% (not 40% as stated in the report) on average for one and two bedroom units in lower quartile house prices). 

Intermediate housing was defined as sub-market housing available to people on moderate incomes who could not afford to buy or rent housing generally available on the open market. Intermediate housing could take the form of shared ownership, low cost home ownership or sub market rented housing.

The report had been considered by the Development Control Committee on 21st June 2018.  

RESOLVED that

(1) The amended local upper limit intermediate housing (intermediate ownership) household income thresholds for 1, 2 and 3 bedroom units be as follows:

1 bedroom units  £55,000

2 bedroom units  £68,800

3 bedroom units  £73,400

4 bedroom units apply GLA household upper limit of £90,000 to 4 bedroom units (intermediate ownership)

(2) The GLA household upper limit of £60,000 applies to intermediate rent products.

(3) The amended Addendum to accompany the Council’s Supplementary Planning Documents on Affordable Housing (2008) and Planning Obligations (2010) be as attached at Appendix 2 and 3 of the report.