Comment
Greater Cambridge Local Plan Preferred Options
Representation ID: 59499
Received: 11/12/2021
Respondent: Pocket Living
Agent: Quod
The affordable housing target for schemes which provide a mix of Build to Rent and conventional homes should be a blend of both targets (apportioned according to the number of homes proposed). The targets for each housing type should be set with reference to relevant viability evidence.
It is widely acknowledged that Build to Rent is less viable than conventional private sale housing due to its distinct economics. This should be reflected in the affordable housing policy target to ensure this type of housing remains viable and deliverable. If the policy target for a mix of housing types (including Build to Rent) is the same percentage as for a solely conventional sale scheme it is unlikely to be viable and deliverable. Setting an undeliverable policy target may discourage developers from bringing forward much needed new housing in Greater Cambridge.
The affordable housing target for schemes which provide a mix of Build to Rent and conventional homes should be a blend of both targets (apportioned according to the number of homes proposed). The targets for each housing type should be set with reference to relevant viability evidence.
It is widely acknowledged that Build to Rent is less viable than conventional private sale housing due to its distinct economics. This should be reflected in the affordable housing policy target to ensure this type of housing remains viable and deliverable. If the policy target for a mix of housing types (including Build to Rent) is the same percentage as for a solely conventional sale scheme it is unlikely to be viable and deliverable. Setting an undeliverable policy target may discourage developers from bringing forward much needed new housing in Greater Cambridge.