Housing Needs in Faversham

Last year the Faversham Community Land Trust with a grant from Swale commissioned a Housing Needs Survey, from arc4 Faversham has a very large number of hidden homeless. Young people unable to find accommodation that they can afford so that they can leave their parental home and live independently as adults, many are sofa surfing. Faversham couples are delaying having children into their forties and older people cannot find smaller properties to downsize to.
We need more one and two-bedroom locally affordable homes – more affordable housing would also require less land per terraced house or flat. 

In December 2021 we presented our case for more housing for local people at a public meeting. We recorded the meeting and it is available on YouTube

Arc4's report of its Housing Needs Survey can be downloaded here

Faversham has a significant number of families suffering from multiple deprivations. Our community is not as prosperous as it seems when viewed from the centre.

We asked Arc4 to calculate what a household would need to be earning to afford accommodation in Faversham.

National Government currently defines affordability as 80% of the market price or rent. The Faversham
Community Land Trust commissioned a Housing Needs Survey from a specialist housing market analysis company, ARC4 in 2020. They found that households would need a minimum income of £30,590 per annum to afford the lowest cost affordable homeownership option. An income of £56,186 per annum would be required to fund the entry-level market house price. Households seeking rented accommodation would need a combined income of £33,264 to afford rented accommodation.

Arc4 concluded that "Faversham needs a significant additional supply of affordable housing to meet the requirements of its existing households and households that are likely to form from existing residents over the next 5-years."
"The evidence suggests that the dynamic between supply and demand plus demographic change has led to an undersupply of 1 and 2-bedroom flats and bungalows for older people and younger households that have delayed having children. Population projections show that children aged 0-15 years are the slowest growing group of the population and those aged over 65 years the highest. Other factors are that there are low proportions of flats in the owner-occupied sector but higher proportions than average in the social and private rented sectors. There is a large supply of 2 and 3-bedroom houses to meet the needs of newly forming households and up-sizers that can afford them. Few 4-bedroom homes come onto the market in Faversham and those that do are purchased by incomers. Faversham households have to leave the town to afford a larger house."

The Arc4 survey found that Faversham residents broadly support these priorities
"the three house types they mostly considered should have the highest priority were small family homes (2 or 3-bedrooms), small homes for singles and couples and smaller homes to enable older people to downsize. The household types mostly considered to have the highest priority were first time buyers, social rented housing for low-income households and housing suited to frail elderly or disabled people."

Arc4 concluded
"Overall, the HNS provides a significant body of evidence for the Faversham Town
Council and the Community Land Trust to resist housebuilding that is not needed by
local people and prioritise that which is needed."

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