Housing Core Strategy Review Issues and Options

Housing Issues and Options

5 Summary of issues being raised by emerging evidence/changing circumstances

  • New evidence from the Annual Monitoring Report (AMR) suggests that the delivery of affordable units is well below the London Plan target and the affordable housing policy needs to be reviewed to help secure more units.
  • The introduction of CIL, and future changes may give opportunities to broaden the approach to financial contributions for affordable housing and this needs to be considered as part of the policy approach.
  • The pressure for affordable housing to be provided off-site creates difficulty in secondary site identification within the Borough in-line with the creation of mixed and balanced communities.
  • Affordability of housing remains a key issue in the Borough with rising house prices.
  • The implications of Affordable Rent tenure introduced by the Government need to be examined. Very few households on the Register could afford Affordable Rent at 80% of the median market rent with the most practical level for Affordable Rent being 45 % (SHMA update 2012).
  • Many of the market housing units that are delivered in the Borough do not address the range of identified local housing need, but do meet an international need for those able to afford the very high residential prices within Kensington and Chelsea and contribute to London’s role as a Global City.
  • Coupled with the above issue, the amalgamation of units to create larger residential units can reduce net growth of the overall housing stock in the Borough.