The second in our series of ‘Planning School’ talks was held on 28 October at the Building Centre in Store Street (in association with the Building Environment Trust), with Dr Paul Watt of Birkbeck talking about Social/Affordable Housing in London. Ian R Morrison was in the audience.
A fascinating talk on social housing in London with research that Dr Watt has been doing on estates, illustrated with slides and statistics.
Social housing is allocated on the basis of need, rather than demand and price (market forces). Its alternatives are the private rented sector and owner occupation. Provision varies between countries. At around 20%, the UK is higher than in the U.S., but not as high as other countries in Europe. Its prevalence is determined by political choices, for example social democrat traditions in parts of Europe.
Affordable housing is promoted to help solve the ‘housing crisis’, particularly in London. But affordable can take a number of forms, from being based on local incomes to being tied to a percentage of market rent. But how affordable is affordable? A limit of 80% of market rent in East Village Stratford (the Olympics site) is still out of reach of many local people. The Mayor’s new strategy of ‘genuinely affordable’ will aim to address this.