Where does the 25% quota come from, how is it calculated?
The 25% quota of “affordable housing” comes from the council actual need for “Socially Rented” and “Intermediate” Housing. The council have a need for 351 new Socially Rented homes a year (roughly 60% of net new homes built each year). The 351 figure is based on the Council clearing the present shortfall of 2,600 socially rented homes over ten years instead of five (otherwise the 351 annual shortfall would be much higher). The council have determined that they can release 200 social homes per year by other initiatives, this leaves the annual shortfall of social/affordable housing at 151 home or roughly 25% of new homes per year.
