Build To Rent Schemes Should Be 20% Affordable, Says Government Guidance

As part of an update to its planning practice guidance – which is intended to help planners interpret the National Planning Policy Framework (NPPF) – the government has published a new section on Build to Rent. The guidance states that “20% is generally a suitable benchmark for the level of affordable private rent homes to be provided (and maintained in perpetuity) in any Build to Rent scheme”. It stipulates that affordable private rent should be at least 20% cheaper than the rest of the scheme – in line with the affordable rent product – and should be “physically indistinguishable from the market rent homes in terms of quality and size”, as well as distributed throughout the development. Read more on the MHCLG website.

https://www.gov.uk/guidance/build-to-rent