Government To Change Definitions Of ‘Affordable’

The government’s White Paper has revealed there will be changes to the definition of the word affordable. In the document, the government say they “intend to publish a revised definition of affordable housing as part of our revised changes to the National Planning Policy Framework”. They have also stated there will be an introduction of  “a definition of affordable private rented housing” looking at forms of affordable housing such as Build to Rent Schemes. The government will also ensure there is a three year minimum tenancy in new private rented sector accommodation. The plans look to provide families and those saving for a deposit the reassurance to save. Read more on 24housing.