Reading’s Affordable Housing Supplementary Planning Document (adopted March 2021) sets a ‘Reading affordable rent’ tenure, which should make up at least 62% of onsite affordable housing provision. ‘Reading affordable rent’ is the capped rental level for the rented portion of an onsite affordable housing contribution and is set at 70% of market rents.
The Affordable Housing SPD gives rental levels for 2019-20 in Appendix 3, and states that the council will publish a revised schedule on its website on an annual basis to guide applicants and developers. The revised figures for 2023 are set out below. These should be used as a guide only and may require more detailed or up-to-date information.
| Size | Current market rent (median) per month | Current market rent (median) per week | Reading affordable rent per month | Reading affordable rent per week |
|---|---|---|---|---|
| 1 bed | £950 | £219.23 | £665 | £153.46 |
| 2 bed | £1,388 | £320.31 | £971.60 | £224.22 |
| 3 bed | £1,600 | £369.23 | £1,120 | £258.46 |
| 4 bed | £1,900 | £438.46 | £1,330 | £306.92 |