Housing: Affordable Housing

Lord Harris of Haringey Excerpts

Thursday 12th June 2014 Lords Chamber

[Lord Harris of Haringey (Lab)]

My Lords, according to the noble Baroness, affordable housing has a rent set below the market rate. What is the connection between that and affordability in many parts of this country?

[Baroness Stowell of Beeston]

As the noble Lord heard me say in response to his noble friend, affordability is a different issue. “Affordable homes” is a formal distinction when we talk about the specific building of different properties. With affordability, we clearly need to make sure that homes generally are available at an affordable rate. That is important to everybody who seeks to buy their own home.