Property News · March 2, 2017

Manchester's own rules for affordable housing | Bernard Priest


Residents with an income under the national average can’t afford rent at 80% of market rate. Our formula is based on 30% of the average wage. The national benchmark for housing affordability, set by the government, is that rent should cost no more than 80% of the average local market price. But this yardstick is utterly inflexible and simply doesn’t work to help people rent. Continue reading…

Source : theguardian.com
Read more…Manchester’s own rules for affordable housing | Bernard Priest

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