Advisory Center for Affordable Settlements & Housing

acash

Advisory Center for Affordable Settlements and Housing
ACASH

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Document TypeGeneral
Publish Date12/02/2020
Author
Published ByTabassum Rahmani
Edited ByTabassum Rahmani
Uncategorized

Affordable Housing Funding Policy 2019 – Bristol City Council

The Mayor of Bristol has set out the objective’ to build 2,000 new homes – 800 affordable – a year by 2020’. In response to this the Council has established the Housing Delivery Team a single multi-functional team that will deliver homes through a number of routes including grant funding to Registered Providers (RPs). The Council recognizes that the provision of direct grants to RPs has been a significant measure in increasing the overall affordable housing supply. The Council has allocated, in the initial two years operation, a total of £13.1m helping to deliver 302 affordable homes. At an average grant rate of £43,000 per affordable rented homes.

The Council acknowledges the definitions for “ affordable housing” and “affordable
housing for rent” as defined in the National Planning Policy Framework 2019 (NPPF):
“housing for sale or rent, for those whose needs are not met by the market (including
housing that provides a subsidised route to home ownership and/or is for essential local
workers); and which complies with the following definition:
Affordable housing for rent: meets all of the following conditions: (a) the rent is set in
accordance with the Government’s rent policy for Social Rent or Affordable Rent, or is at
least 20% below local market rents (including service charges where applicable); (b) the
landlord is a registered provider, except where it is included as part of a Build to Rent
scheme (in which case the landlord need not be a registered provider); and (c) it
includes provisions to remain at an affordable price for future eligible households, or for
the subsidy to be recycled for alternative affordable housing provision.”

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