Our updated Local Plan needs policies to ensure developers provide the right type of affordable housing to meet local need. Complete the affordable housing survey.
There is already an acute shortage of genuinely affordable housing across London and evidence suggests the demand for affordable housing in Lambeth will remain very high over the next 10-15 years.
The definition of affordable housing is set nationally while the Lambeth Local Plan, along with the Mayor’s London Plan, set policies for securing new affordable housing through planning applications for new residential development and for the type of affordable housing that would meet local need.
New development has to be financially viable, or it will not be built. Current Lambeth Local Plan policy requires 40 per cent of the housing units in new development to be affordable or 50 per cent where public subsidy is involved. Our policy requirements for affordable housing need to be as ambitious as possible without affecting viability so much that a development cannot go ahead. We also need to strike the right balance with other uses provided in new development, such as affordable workspace for new businesses.