Affordable Homes Rent Averages 68% of Market Rate

Social landlords are charging an average of 68 per cent of market rent for homes built through the affordable homes programme.  CLG figures on social housing lettings and sales for 2011/12 show how the affordable rent tenure is being implemented for the first time.  There were 4,612 affordable rent lettings in 2011/12, with average general needs rent for these homes at £110. Under the £1.8 billion affordable homes programme housing providers are given grant to build homes that can be let at up to 80 per cent of market rate. The average rent charged by housing associations rose by 6 per cent in 2011/12, to an average of £81 a week. The average weekly rent across all providers, including local authorities, was £76.  Download the CORE report from the CLG website.