Affordable housing can be described in many different ways:
- Social rent
- Affordable rent
- Intermediate housing
- Affordable home ownership
Affordable housing is only provided to 'eligible households' defined as 'those whose needs are not met by the market'. Eligibility is determined by local incomes and local house prices.
Affordable housing usually contains restrictions to remain as affordable housing for future generations or, in the case of affordable home ownership, the subsidy to be recycled to provide alternative affordable housing in the Borough.
The Own Your Home website contains further helpful information.