Wednesday, Aug 05, 2015

The familiar aftermath of London’s regenerative steamroller

Guardian: Developers exploit flawed planning system to minimise affordable housing

In the last decade, London has lost 8,000 social-rented homes. Under the Tory-led coalition, the amount of affordable housing delivered across the country fell by a third – from 53,000 homes completed in 2010 to 36,000 in 2014. Much of the reason lies hidden in these developers’ viability assessments and the dark arts of accounting, which have become all-powerful tools in the way our cities are being shaped.

Posted by debtserf @ 11:25 PM (4493 views)
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1. mombers said...

Why not just say to the developer give us an estimate of what you think you can build and still make a reasonable profit, and then if they get it wrong and accidentally make an extra 100m, they hand over 95m to the council. That should sharpen the minds to get the sums realistic.

Thursday, August 6, 2015 09:04AM Report Comment

2. icarus said...

But....but the government says the record level of inward investment, 'the highest in Europe', is due to 'the UK's strong economic performance'.

Cameron is fighting against 'dirty' money coming into London property - but this kind of manipulation by Australian, Chinese, HK, Qatari et al. money (totalling far more than said 'dirty' money) is OK.

Councils and Housing Associations which 'go with the flow' of development in order to get at least SOME social housing out of it are like those countries which sell licences to kill black rhinos in order to make money for conservation.

Thursday, August 6, 2015 09:21AM Report Comment

3. icarus said...

mombers - but the flip side of that is that councils would have to make up any "proven" losses.

Thursday, August 6, 2015 09:36AM Report Comment

4. cornishman said...

"With the private sector now calling the tune on affordable housing, while hiding the score in a locked room, its not hard to see why the chief executive of the National Housing Federation, David Orr, recently told his members that developers are leading local authorities on a merry dance.

"Its not so much a dance, as running rings around them, says planning expert Duncan Bowie, a lecturer at the University of Westminster. Every consultant knows how to fiddle the figures in their clients interests, but most planning officers simply dont get it. Local authorities have really lost the plot on this."

I wonder if planning officers 'simply dont get it' or if they are turning a blind eye in order to gentrify their area and boost the value of their own house. Who knows?

Thursday, August 6, 2015 12:18PM Report Comment

5. mombers said...

@3 maybe a better idea is to say build x number of dwellings, sell as many as is required to pay build costs and a very generous 20% margin, then hand the rest over to the council who created the value by granting planning permission in the first place?

Thursday, August 6, 2015 12:40PM Report Comment

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