A new Manchester Living Rent has been launched by the council to ensure housing is affordable to anyone in the city.
The Manchester Living Rent will be set at or below Local Housing Allowance (LHA) level and will also be cheaper than the government's standard definition of affordable housing.
At least a fifth of all homes built by the council’s home building company will be set at the Manchester Living Rent. The council is also aiming for all registered providers, housing associations and developers make a commitment to new rent level.
Cllr Bev Craig, leader of Manchester City Council, said: 'The Manchester Living Rent is important in that it creates a level playing field when it comes to housing affordability. It means that regardless of where the home is in the city, it can be affordable to anybody. It’s a clear and straightforward way of describing what we mean- low cost homes that people on a minimum wage can afford.
'The Manchester living Rent is just the start. We are launching our new housing strategy with ambitious plans for the city and building homes at the Manchester Living Rent level is a key part of this.'
