Affordability and security C1 – Rent affordability
C1-5
Anchor rents over 35,000 homes at social rent levels, providing decent affordable homes for older people. We also provide leasehold and shared ownership properties, often allowing residents to downsize in later life to more affordable housing. Our revised development programme continues our commitment to mixed tenures as well as providing more social and affordable homes. We provide a broad range of care services with an average 50/50 split between publicy funded services and private fee payers. Property type 2022/23 average rent as % of private rental median by local authority Studio 61% 1 Bed 63% 2 Bed 64% 3 Bed 50% 4 Bed 42% Property type 2022/23 average rent as % of Local Housing Allowance (LHA) rate by Broad Rental Market Area (BRMA) Studio 61% 1 Bed 72% 2 Bed 75% 3 Bed 59% 4 Bed 51% C2 Existing homes tenure profile Tenure type Homes Social rent for older people 35,276 Care homes 6,600 Low-cost home ownership 1,442 Non-social rent for older people 9 Social rent general needs 226 Affordable rent 136 While the table above sets out the average Anchor rents as a percentage of Local Housing Allowance (LHA) rates, a total of 89% of our properties are below the LHA rate for their area.
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